Akzo Nobel (OTCMKTS:AKZOY) Given “Neutral” Rating at JPMorgan Chase & Co.

Akzo Nobel (OTCMKTS:AKZOY)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, The Fly reports.

Several other analysts also recently issued reports on AKZOY. Kepler Capital Markets raised shares of Akzo Nobel from a “reduce” rating to a “hold” rating in a report on Thursday, July 1st. UBS Group reissued a “neutral” rating on shares of Akzo Nobel in a report on Wednesday, July 14th. HSBC reissued a “buy” rating on shares of Akzo Nobel in a report on Tuesday, June 22nd. Zacks Investment Research downgraded shares of Akzo Nobel from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays restated an “overweight” rating on shares of Akzo Nobel in a research note on Friday, July 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

AKZOY stock traded down $0.81 during trading hours on Thursday, hitting $39.76. The company’s stock had a trading volume of 25,885 shares, compared to its average volume of 35,830. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.64 and a quick ratio of 1.26. The stock has a market cap of $23.08 billion, a P/E ratio of 26.33, a PEG ratio of 1.47 and a beta of 1.01. Akzo Nobel has a 12 month low of $30.91 and a 12 month high of $44.14. The stock has a 50 day moving average of $42.20.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 21st. The basic materials company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The company had revenue of $2.73 billion during the quarter. Akzo Nobel had a net margin of 8.42% and a return on equity of 13.90%. On average, analysts predict that Akzo Nobel will post 1.82 earnings per share for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. operates as a paints and coatings company worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood and other building materials.

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