Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to “Hold” at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on AKZOY. UBS Group upgraded Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Akzo Nobel Trading Down 0.2%

Shares of AKZOY stock opened at $18.81 on Wednesday. The company has a market capitalization of $9.66 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $24.52. The business’s fifty day moving average is $21.66 and its 200 day moving average is $22.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. On average, equities research analysts anticipate that Akzo Nobel will post 1.52 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.