Akzo Nobel (OTCMKTS:AKZOY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Akzo Nobel Trading Down 2.0%

Shares of AKZOY opened at $22.35 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.23. Akzo Nobel has a fifty-two week low of $18.07 and a fifty-two week high of $24.52. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 223.50, a PEG ratio of 0.95 and a beta of 1.09. The firm has a 50 day moving average price of $23.35 and a 200-day moving average price of $22.83.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Akzo Nobel had a return on equity of 13.51% and a net margin of 0.53%. As a group, equities research analysts forecast that Akzo Nobel will post 1.52 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.