Akzo Nobel (OTCMKTS:AKZOY) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group upgraded Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Akzo Nobel Stock Performance

Shares of Akzo Nobel stock opened at $18.81 on Wednesday. The business’s 50 day moving average is $21.57 and its 200-day moving average is $22.32. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The stock has a market cap of $9.66 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.27 and a beta of 1.12. 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 posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Equities research analysts predict that Akzo Nobel will post 1.52 earnings per share for the current fiscal 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.