Akzo Nobel (OTCMKTS:AKZOY) Upgraded by JPMorgan Chase & Co. to Overweight

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Akzo Nobel from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Morgan Stanley upgraded Akzo Nobel from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 4th. Finally, Berenberg Bank initiated coverage on Akzo Nobel in a report on Wednesday, September 4th. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.

OTCMKTS:AKZOY opened at $33.67 on Thursday. Akzo Nobel has a fifty-two week low of $25.61 and a fifty-two week high of $33.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.64 and a quick ratio of 1.30. The stock has a market capitalization of $20.53 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76. The business’s 50-day simple moving average is $31.94 and its 200-day simple moving average is $30.72.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Akzo Nobel had a return on equity of 6.18% and a net margin of 70.34%. The business had revenue of $2.67 billion for the quarter. On average, research analysts expect that Akzo Nobel will post 1.19 earnings per share for the current year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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