Akzo Nobel (OTCMKTS:AKZOY) Rating Increased to Hold at Zacks Research

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Citigroup began coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating on the stock. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

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Akzo Nobel Price Performance

OTCMKTS:AKZOY opened at $22.11 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.35. The company has a 50 day moving average price of $20.48 and a 200-day moving average price of $21.53. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. Equities research analysts forecast that Akzo Nobel will post 1.45 EPS for the current year.

Akzo Nobel Company Profile

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Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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