Akzo Nobel (OTCMKTS:AKZOY) Upgraded at Zacks Research

Zacks Research upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

AKZOY has been the topic of a number of other research reports. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. 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 analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Akzo Nobel Stock Up 7.7%

Shares of OTCMKTS AKZOY opened at $20.18 on Monday. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52. The firm’s 50 day moving average price is $21.32 and its 200 day moving average price is $22.21. The firm has a market cap of $10.37 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44.

Akzo Nobel (OTCMKTS:AKZOY) last announced its 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). The firm 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%. As a group, sell-side analysts anticipate that Akzo Nobel will post 1.52 earnings per share 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.