Akzo Nobel (OTCMKTS:AKZOY – Get 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”.
Get Our Latest Research Report on Akzo Nobel
Akzo Nobel Price Performance
Akzo Nobel (OTCMKTS:AKZOY – Get 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
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.
See Also
- Five stocks we like better than Akzo Nobel
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.
