Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to Hold at Wall Street Zen

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also commented on AKZOY. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Akzo Nobel Trading Down 2.5%

Shares of AKZOY stock opened at $20.35 on Friday. 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 12-month low of $18.07 and a 12-month high of $24.52. The stock has a market capitalization of $10.45 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.37 and a beta of 1.07. The firm’s 50 day moving average is $23.13 and its 200 day moving average is $22.91.

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 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 the consensus estimate of $2.51 billion. Research analysts expect that Akzo Nobel will post 1.52 earnings per share 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.