Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.65 and traded as high as $24.65. Akzo Nobel shares last traded at $24.50, with a volume of 30,677 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on AKZOY. Citigroup began coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Finally, Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on AKZOY
Akzo Nobel Stock Up 1.1%
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. On average, analysts predict that Akzo Nobel NV will post 1.47 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.
Featured Articles
- Five stocks we like better than Akzo Nobel
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
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.
