Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07), reports. Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion.
Akzo Nobel Trading Up 0.2%
Shares of Akzo Nobel stock opened at $23.25 on Tuesday. The company has a market capitalization of $11.94 billion, a P/E ratio of 232.50, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The stock has a fifty day simple moving average of $22.56 and a 200 day simple moving average of $22.73. Akzo Nobel has a 12-month low of $18.07 and a 12-month high of $24.52. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on AKZOY. Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group upgraded Akzo Nobel to a “hold” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Akzo Nobel has an average rating of “Moderate Buy”.
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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