Akzo Nobel NV (OTCMKTS:AKZOY) Receives Average Recommendation of “Hold” from Analysts

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have issued reports on AKZOY. Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Tuesday. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Akzo Nobel Stock Up 0.9%

Akzo Nobel stock opened at $19.98 on Friday. 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 has a 52-week low of $18.04 and a 52-week high of $24.52. The firm has a 50 day moving average price of $20.02 and a two-hundred day moving average price of $21.73. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.74 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Equities analysts predict that Akzo Nobel will post 1.46 EPS for the current 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.