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

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

Several other research firms also recently issued reports on AKZOY. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Finally, UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.

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Akzo Nobel Price Performance

AKZOY stock opened at $23.03 on Wednesday. The firm has a 50 day moving average of $22.70 and a 200-day moving average of $22.73. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.57 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. Akzo Nobel has a 12-month low of $18.07 and a 12-month high of $24.52.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. As a group, equities analysts expect that Akzo Nobel will post 1.52 EPS for the current fiscal year.

About Akzo Nobel

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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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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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