Akzo Nobel (OTCMKTS:AKZOY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other research firms have also commented on AKZOY. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup assumed coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating on the stock. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Akzo Nobel Trading Up 2.4%

Shares of 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 current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $20.48 and a 200-day simple moving average of $21.53. The stock has a market cap 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 earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%.The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. On average, sell-side analysts predict 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.