Akzo Nobel (OTCMKTS:AKZOY) Upgraded at UBS Group

UBS Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Finally, Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Akzo Nobel Price Performance

AKZOY opened at $22.99 on Monday. Akzo Nobel has a 1 year low of $18.07 and a 1 year high of $24.52. The stock has a 50-day moving average price of $22.17 and a 200-day moving average price of $22.76. The firm has a market cap of $11.81 billion, a PE ratio of 229.90, a P/E/G ratio of 0.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92.

Akzo Nobel (OTCMKTS:AKZOY) last released 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 firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.57 billion. Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. Sell-side analysts predict that Akzo Nobel will post 1.52 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.