Akzo Nobel NV (OTCMKTS:AKZOY) Stock Rated “Hold” by Wall Street Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company.

AKZOY has been the topic of several recent analyst reports. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Oddo Bhf raised shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a report on Monday, September 28th.

Akzo Nobel Stock Up 0.3%

AKZOY stock opened at $23.30 on Friday. 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 1.10, a current ratio of 1.93 and a quick ratio of 1.55. The company’s 50 day simple moving average is $22.23 and its 200-day simple moving average is $21.93. The firm has a market capitalization of $11.97 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.94 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.71% and a return on equity of 12.18%. As a group, equities research analysts anticipate that Akzo Nobel will post 1.40 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.