Akzo Nobel (OTCMKTS:AKZOY) Reaches New 52-Week High – Still a Buy?

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price reached a new 52-week high on Thursday . The company traded as high as $24.59 and last traded at $24.26, with a volume of 98143 shares trading hands. The stock had previously closed at $20.38.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Akzo Nobel Stock Performance

The stock has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $21.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The company has a market capitalization of $12.46 billion, a PE ratio of 17.33, a P/E/G ratio of 1.79 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%.The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. Equities analysts anticipate that Akzo Nobel NV will post 1.46 EPS for the current fiscal 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.