Akzo Nobel (OTCMKTS:AKZOY) Downgraded by Zacks Research to Strong Sell

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Akzo Nobel Stock Performance

Shares of OTCMKTS:AKZOY traded down $0.45 during trading hours on Thursday, hitting $22.35. The stock had a trading volume of 37,885 shares, compared to its average volume of 92,813. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.23. The stock’s fifty day simple moving average is $23.35 and its 200 day simple moving average is $22.82. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 223.50, a PEG ratio of 0.95 and a beta of 1.09. Akzo Nobel has a 1-year low of $18.07 and a 1-year high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion. Akzo Nobel had a return on equity of 13.51% and a net margin of 0.53%. Sell-side analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.