Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) is expected to announce its results before the market opens on Tuesday, February 3rd. Analysts expect the company to announce earnings of $0.31 per share and revenue of $2.5072 billion for the quarter.
Akzo Nobel Stock Up 0.2%
Akzo Nobel stock opened at $23.46 on Tuesday. 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 capitalization of $12.05 billion, a price-to-earnings ratio of 234.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The stock’s fifty day moving average is $22.30 and its two-hundred day moving average is $22.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
About Akzo Nobel
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.
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