Akzo Nobel (OTCMKTS:AKZOY) Upgraded to Hold at UBS Group

UBS Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) to a hold rating in a research note released on Monday,Zacks.com reports.

Several other analysts have also weighed in on the company. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Akzo Nobel Stock Down 0.1%

Shares of OTCMKTS AKZOY traded down $0.02 during trading hours on Monday, hitting $23.06. The stock had a trading volume of 2,072 shares, compared to its average volume of 149,288. The firm’s 50-day moving average price is $22.14 and its two-hundred day moving average price is $22.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25. Akzo Nobel has a 52 week low of $18.07 and a 52 week high of $24.52. The company has a market capitalization of $11.85 billion, a P/E ratio of 230.60, a P/E/G ratio of 0.94 and a beta of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.57 billion. Analysts anticipate that Akzo Nobel will post 1.52 EPS for the current fiscal 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.