Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to Sell at Zacks Investment Research
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. “
Several other research firms have also recently weighed in on AKZOY. Goldman Sachs Group set a €148.00 ($172.09) price objective on shares of Airbus and gave the company a “buy” rating in a report on Monday, April 1st. Macquarie reissued a “neutral” rating on shares of Glencore in a report on Tuesday. Citigroup set a $12.00 price objective on shares of Avaya and gave the company a “hold” rating in a report on Monday. Finally, ABN Amro cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.00.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Akzo Nobel had a net margin of 71.19% and a return on equity of 5.10%. The company had revenue of $2.48 billion for the quarter. Equities analysts expect that Akzo Nobel will post 1.04 earnings per share for the current fiscal year.
Akzo Nobel Company Profile
Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.
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