Akzo Nobel Receives Average Recommendation of “Hold” from Analysts (NASDAQ:AKZOY)
Akzo Nobel (NASDAQ:AKZOY) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, American Banking & Market News reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company.
AKZOY has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of Akzo Nobel from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at HSBC upgraded shares of Akzo Nobel from an “underweight” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at BNP Paribas downgraded shares of Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 31st.
Shares of Akzo Nobel (NASDAQ:AKZOY) traded up 0.31% on Monday, hitting $26.16. 697 shares of the company’s stock traded hands. Akzo Nobel has a 52 week low of $18.39 and a 52 week high of $28.08. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $23.14. The company has a market cap of $19.043 billion and a price-to-earnings ratio of 19.95.
Akzo Nobel N.V. (NASDAQ:AKZOY) is a global paints and coatings company and a producer of specialty chemicals.
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