Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Recommendation of “Hold” by Analysts

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

A number of research firms have weighed in on AKZOY. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Finally, Citigroup initiated coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating for the company.

Akzo Nobel Stock Performance

Shares of AKZOY stock opened at $21.88 on Thursday. The business has a 50-day simple moving average of $22.19 and a 200-day simple moving average of $21.61. The company has a quick ratio of 1.35, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. The stock has a market cap of $11.24 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.18. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, equities analysts expect that Akzo Nobel will post 1.46 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.