Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – What’s Next?

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.6550, but opened at $21.05. Akzo Nobel shares last traded at $21.1230, with a volume of 7,596 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded 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 Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Akzo Nobel Stock Down 18.6%

The company has a market capitalization of $10.73 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The firm’s fifty day moving average is $20.04 and its 200-day moving average is $21.51.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%. As a group, equities research analysts predict that Akzo Nobel NV will post 1.46 EPS for the current 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.