Akzo Nobel (OTCMKTS:AKZOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $33.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.38% from the stock’s current price.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
Several other brokerages also recently issued reports on AKZOY. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Societe Generale downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.00.
Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). The company had revenue of $4.26 billion during the quarter. Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. sell-side analysts expect that Akzo Nobel will post 1.63 earnings per share for the current fiscal year.
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About Akzo Nobel
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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