Shares of Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.
Several analysts have issued reports on AKZOY shares. Citigroup began coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th.
View Our Latest Analysis on Akzo Nobel
Akzo Nobel Stock Performance
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. On average, equities analysts forecast that Akzo Nobel will post 1.47 EPS 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.
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