Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04), Zacks reports. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%.
Akzo Nobel Stock Down 0.1%
Shares of OTCMKTS:AKZOY opened at $21.75 on Wednesday. The firm has a market capitalization of $11.17 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.16 and a beta of 1.18. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $25.99. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.35. The firm’s 50-day moving average is $22.03 and its two-hundred day moving average is $21.63.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on AKZOY shares. Citigroup assumed coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
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.
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