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

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

Other equities research analysts have also recently issued research reports about the stock. HSBC reissued a “buy” rating on shares of Akzo Nobel in a research report on Tuesday, June 22nd. Zacks Investment Research cut shares of Akzo Nobel from a “hold” rating to a “sell” rating in a research report on Wednesday. Kepler Capital Markets raised shares of Akzo Nobel from a “reduce” rating to a “hold” rating in a research report on Thursday, July 1st. Barclays reaffirmed an “overweight” rating on shares of Akzo Nobel in a research report on Friday, July 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Akzo Nobel in a research report on Wednesday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.00.

AKZOY stock traded down $0.81 during midday trading on Thursday, reaching $39.76. 25,885 shares of the company were exchanged, 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’s 50-day simple moving average is $42.20. Akzo Nobel has a one year low of $30.91 and a one year high of $44.14. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, April 21st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ 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, research analysts expect that Akzo Nobel will post 1.82 EPS for the current year.

About Akzo Nobel

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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