Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase – Time to Buy?

Akzo Nobel NV (OTCMKTS:AKZOYGet Free Report) shares saw an uptick in trading volume on Wednesday . Approximately 663,055 shares were traded during mid-day trading, an increase of 284% from the previous session’s volume of 172,797 shares.The stock last traded at $22.93 and had previously closed at $23.37.

Analysts Set New Price Targets

Several brokerages recently issued reports on AKZOY. Citigroup began coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating for the company. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on AKZOY

Akzo Nobel Price Performance

The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.84 and a beta of 1.18. The company’s 50 day simple moving average is $23.08 and its 200-day simple moving average is $21.66. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. On average, equities research analysts predict that Akzo Nobel NV will post 1.47 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

(Get Free Report)

Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company’s brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.

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