Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Recommendation of “Hold” from Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company.

Several research firms have recently commented on AKZOY. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th.

Akzo Nobel Trading Down 2.2%

Shares of AKZOY stock opened at $18.82 on Friday. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The stock has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $21.56.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. On average, equities research analysts expect that Akzo Nobel will post 1.46 EPS for the current fiscal 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.