Akzo Nobel (NASDAQ:AKZOY) has earned an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company. Akzo Nobel’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus price objective of $22.00 for the company, according to Zacks. Zacks has also assigned Akzo Nobel an industry rank of 89 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Monday, July 18th. Credit Suisse Group AG downgraded Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 21st. Finally, HSBC assumed coverage on Akzo Nobel in a research note on Friday, September 16th. They issued a “reduce” rating for the company.
Akzo Nobel (NASDAQ:AKZOY) opened at 22.64 on Wednesday. The firm has a market capitalization of $17.11 billion and a price-to-earnings ratio of 14.66. The company has a 50 day moving average price of $22.69 and a 200-day moving average price of $22.40. Akzo Nobel has a 52 week low of $18.73 and a 52 week high of $24.45.
Akzo Nobel Company Profile
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company operates in business areas, such as include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. Its Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes.
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