Akzo Nobel (OTCMKTS:AKZOY) Upgraded by Stifel Nicolaus to “Buy”

Stifel Nicolaus upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a buy rating in a research report released on Tuesday, Briefing.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised Akzo Nobel from a hold rating to a buy rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Akzo Nobel presently has a consensus rating of Hold and a consensus target price of $74.40.

Akzo Nobel Stock Performance

Shares of OTCMKTS:AKZOY opened at $26.44 on Tuesday. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 0.68 and a beta of 1.16. Akzo Nobel has a 52 week low of $17.85 and a 52 week high of $29.03. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $27.39 and a 200 day moving average of $26.53.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). The business had revenue of $2.98 billion during the quarter. Akzo Nobel had a return on equity of 8.53% and a net margin of 2.83%. On average, sell-side analysts predict that Akzo Nobel will post 1.44 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings. The company also provides performance coatings that protect and enhance ships, cars, aircraft, yachts, architectural components, consumer goods, and oil and gas facilities.