Akzo Nobel (OTCMKTS:AKZOY) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a research note published on Tuesday, Marketbeat Ratings reports.

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Akzo Nobel Price Performance

Shares of AKZOY opened at $18.64 on Tuesday. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $24.52. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.26 and a beta of 1.07. The stock has a 50 day moving average of $22.23 and a 200-day moving average of $22.59.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. As a group, analysts forecast that Akzo Nobel will post 1.52 EPS for the current 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.