Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Rating of “Hold” by Analysts

Shares of Akzo Nobel NV (OTCMKTS:AKZOYGet Free Report) have been assigned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have recently issued reports on AKZOY shares. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup initiated coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th.

Check Out Our Latest Report on Akzo Nobel

Akzo Nobel Stock Performance

OTCMKTS AKZOY opened at $23.58 on Monday. The stock has a market capitalization of $12.11 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.90 and a beta of 1.17. The firm has a 50-day moving average price of $22.88 and a 200 day moving average price of $21.67. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last posted 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). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Equities research analysts expect that Akzo Nobel will post 1.47 EPS for the current year.

Akzo Nobel Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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