Zacks Investment Research Lowers Akzo Nobel NV (AKZOY) to Hold
Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
AKZOY has been the topic of a number of other research reports. ValuEngine upgraded Akzo Nobel NV from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Societe Generale lowered Akzo Nobel NV from a “buy” rating to a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.00.
Akzo Nobel NV (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Akzo Nobel NV had a return on equity of 15.36% and a net margin of 6.63%. The firm had revenue of $4.16 billion for the quarter.
Akzo Nobel NV Company Profile
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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