Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume – Should You Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw unusually-high trading volume on Thursday . Approximately 525,599 shares were traded during trading, an increase of 124% from the previous session’s volume of 234,201 shares.The stock last traded at $18.80 and had previously closed at $18.84.

Analysts Set New Price Targets

AKZOY has been the subject of a number of analyst reports. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Akzo Nobel Trading Down 0.2%

The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $21.75 and a 200-day moving average price of $22.39. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.29 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. Research analysts predict that Akzo Nobel NV will post 1.52 EPS for the current fiscal 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.