Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

Several analysts have recently commented on AKZOY shares. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th.

Akzo Nobel Stock Up 3.1%

AKZOY opened at $20.46 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The company has a market capitalization of $10.51 billion, a PE ratio of 14.51, a PEG ratio of 2.02 and a beta of 1.12. The firm’s 50 day simple moving average is $20.95 and its two-hundred day simple moving average is $22.06.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results 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). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. As a group, equities analysts forecast that Akzo Nobel will post 1.52 EPS for the current year.

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.