Akzo Nobel (OTCMKTS:AKZOY) Lowered to Hold Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently weighed in on AKZOY. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Finally, Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Akzo Nobel Stock Down 0.2%

AKZOY stock opened at $18.81 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The company’s 50 day simple moving average is $21.66 and its 200-day simple moving average is $22.36. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $24.52. The firm has a market capitalization of $9.66 billion, a PE ratio of 13.34, a P/E/G ratio of 1.27 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Equities analysts expect 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.