Akzo Nobel NV (OTCMKTS:AKZOY) Stock Now Rated “Hold” by Wall Street Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several research analysts recently commented on AKZOY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Oddo Bhf raised shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a research report on Monday, September 28th.

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Akzo Nobel Stock Up 0.2%

Shares of Akzo Nobel stock opened at $21.59 on Tuesday. The stock has a market capitalization of $11.09 billion, a P/E ratio of 15.10, a PEG ratio of 1.76 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $22.78 and a two-hundred day moving average price of $21.80. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 EPS 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 the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. Equities analysts expect that Akzo Nobel will post 1.45 earnings per share for the current year.

About Akzo Nobel

(Get Free Report)

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company serving customers in the construction, automotive, aerospace, marine, consumer goods, and industrial markets. Its products are used to protect, decorate, and improve the performance of buildings, vehicles, equipment, and manufactured products.

The company offers decorative paints, protective coatings, powder coatings, wood finishes, and specialty coatings. Its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon, Sadolin, and Hammerite.

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