Akzo Nobel (OTCMKTS:AKZOY) Upgraded at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat reports.

Akzo Nobel Stock Up 2.2 %

Akzo Nobel stock opened at $22.38 on Thursday. The stock has a 50 day moving average of $24.02 and a two-hundred day moving average of $24.69. Akzo Nobel has a twelve month low of $21.47 and a twelve month high of $29.03. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.73 and a beta of 1.27. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The firm had revenue of $2.88 billion during the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. As a group, research analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. 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.