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

Akzo Nobel NV (OTCMKTS:AKZOY) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts recently issued reports on AKZOY shares. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group raised Akzo Nobel to a “hold” rating in a report on Monday. Finally, Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th.

Akzo Nobel Trading Down 0.6%

Shares of Akzo Nobel stock opened at $22.95 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25. The firm has a 50-day moving average of $22.14 and a 200-day moving average of $22.76. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52. The stock has a market cap of $11.79 billion, a PE ratio of 229.50, a PEG ratio of 0.94 and a beta of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%.The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.57 billion. As a group, sell-side analysts forecast that Akzo Nobel will post 1.52 EPS for the current 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.