Akzo Nobel (OTCMKTS:AKZOY) Raised to “Hold” at Zacks Research

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup began coverage on Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

Shares of OTCMKTS:AKZOY opened at $22.11 on Monday. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.35. The business has a fifty day moving average price of $20.48 and a 200-day moving average price of $21.53. The company has a market capitalization of $11.36 billion, a PE ratio of 15.79, a PEG ratio of 1.90 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%.The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.79 billion. As a group, equities analysts expect that Akzo Nobel will post 1.45 EPS for the current fiscal year.

Akzo Nobel Company Profile

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.