Akzo Nobel NV (OTCMKTS:AKZOY) Receives Average Recommendation of “Hold” from Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

AKZOY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Citigroup began coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating for the company.

Akzo Nobel Trading Down 1.6%

OTCMKTS AKZOY opened at $22.43 on Friday. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.84 and a beta of 1.18. The firm’s 50 day moving average price is $23.08 and its two-hundred day moving average price is $21.66.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) 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 analysts anticipate that Akzo Nobel will post 1.47 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company’s brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.