Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to “Hold” at Barclays

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Akzo Nobel presently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY opened at $18.18 on Thursday. The stock’s 50-day simple moving average is $22.41 and its two-hundred day simple moving average is $22.66. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $24.52. The firm has a market capitalization of $9.34 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.24 and a beta of 1.07. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.

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