Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Recommendation of “Hold” by Analysts

Akzo Nobel NV (OTCMKTS:AKZOY) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have commented on AKZOY shares. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Barclays cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock opened at $25.66 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 business’s 50 day simple moving average is $20.04 and its two-hundred day simple moving average is $21.51. The stock has a market capitalization of $13.18 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. Analysts forecast that Akzo Nobel will post 1.46 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.