Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – Should You Sell?

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.6550, but opened at $21.05. Akzo Nobel shares last traded at $21.1230, with a volume of 7,596 shares traded.

Analysts Set New Price Targets

AKZOY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Akzo Nobel currently has an average rating of “Hold”.

Akzo Nobel Price Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The company has a 50-day moving average of $20.30 and a 200-day moving average of $21.52. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%.The business 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 NV will post 1.46 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.