Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up – Here’s What Happened

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) gapped up prior to trading on Wednesday . The stock had previously closed at $20.38, but opened at $24.41. Akzo Nobel shares last traded at $24.51, with a volume of 29,688 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Akzo Nobel Trading Up 19.2%

The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The business has a 50 day moving average of $19.57 and a 200 day moving average of $21.43.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. On average, research analysts forecast that Akzo Nobel NV will post 1.46 earnings per share 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.