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

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

AKZOY has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup initiated coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th.

Akzo Nobel Price Performance

Shares of AKZOY opened at $22.80 on Friday. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The firm’s fifty day simple moving average is $21.30 and its 200-day simple moving average is $21.66. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.27 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Equities analysts forecast that Akzo Nobel will post 1.46 EPS for the current fiscal 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.