Shares of Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.
Several research firms have recently weighed in on AKZOY. Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup assumed coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st.
Check Out Our Latest Analysis on Akzo Nobel
Akzo Nobel Stock Up 2.4%
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%. As a group, equities analysts expect that Akzo Nobel will post 1.45 earnings per share for the current year.
About Akzo Nobel
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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