Akzo Nobel (AKZOY) Rating Increased to Hold at Zacks Investment Research
Akzo Nobel (NASDAQ:AKZOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
Several other equities analysts have also recently issued reports on the stock. HSBC began coverage on shares of Akzo Nobel in a research note on Friday. They issued a “reduce” rating on the stock. Credit Suisse Group AG cut shares of Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 21st.
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Akzo Nobel (NASDAQ:AKZOY) traded up 0.31% during midday trading on Tuesday, hitting $22.43. 22,915 shares of the stock traded hands. The company has a 50-day moving average price of $22.31 and a 200-day moving average price of $22.24. The firm has a market cap of $16.95 billion and a P/E ratio of 14.53. Akzo Nobel has a 1-year low of $18.73 and a 1-year high of $24.45.
About Akzo Nobel
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company operates in business areas, such as include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. Its Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes.
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