Zacks Research Upgrades Akzo Nobel (OTCMKTS:AKZOY) to “Hold”

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY opened at $18.73 on Monday. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52. The firm’s fifty day simple moving average is $21.39 and its 200 day simple moving average is $22.22. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.62 billion, a PE ratio of 13.28, a PEG ratio of 1.27 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. On average, sell-side analysts anticipate that Akzo Nobel will post 1.52 EPS for the current year.

About Akzo Nobel

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.