Akzo Nobel (OTCMKTS:AKZOY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently issued reports on AKZOY. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Finally, UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Akzo Nobel currently has a consensus rating of “Hold”.

Akzo Nobel Trading Down 0.6%

OTCMKTS:AKZOY opened at $23.29 on Wednesday. The company’s 50 day moving average is $22.67 and its 200-day moving average is $22.73. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.88. Akzo Nobel has a 12 month low of $18.07 and a 12 month high of $24.52. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.51 and a beta of 1.08.

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 14.05%. Equities 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.