Akzo Nobel (OTCMKTS:AKZOY) Downgraded to Hold Rating by Barclays

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on AKZOY. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, UBS Group raised shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY opened at $18.34 on Thursday. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The firm has a 50-day moving average price of $22.51 and a 200 day moving average price of $22.70.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. Research analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current fiscal 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.