Akzo Nobel NV (OTCMKTS:AKZOY) Given Consensus Recommendation of “Hold” by Brokerages

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

Several equities analysts recently issued reports on AKZOY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Citigroup initiated coverage on Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating for the company.

Akzo Nobel Price Performance

AKZOY stock opened at $22.86 on Friday. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99. The business has a fifty day moving average of $21.50 and a two-hundred day moving average of $21.70. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. As a group, research analysts anticipate that Akzo Nobel will post 1.46 earnings per share 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.