Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts recently commented on AKZOY shares. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Citigroup assumed coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They issued a “buy” rating for the company. The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th.

Akzo Nobel Price Performance

OTCMKTS AKZOY opened at $22.10 on Thursday. The business has a 50 day simple moving average of $22.09 and a 200 day simple moving average of $21.62. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.72. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.16 and a beta of 1.18.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. Analysts anticipate that Akzo Nobel will post 1.46 earnings per share 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.