Akzo Nobel NV (AKZOY) Stock Rating Lowered by Zacks Investment Research
Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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. “
A number of other research firms have also recently weighed in on AKZOY. Jefferies Group LLC started coverage on Akzo Nobel NV in a research report on Friday, May 26th. They set a “hold” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Akzo Nobel NV in a research report on Wednesday, March 29th. ValuEngine raised Akzo Nobel NV from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Bank of America Corporation raised Akzo Nobel NV from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Akzo Nobel NV currently has an average rating of “Hold” and a consensus target price of $32.00.
Shares of Akzo Nobel NV (AKZOY) traded up 0.017% on Friday, reaching $29.525. The company’s stock had a trading volume of 26,178 shares. Akzo Nobel NV has a 1-year low of $19.79 and a 1-year high of $30.24.
Akzo Nobel NV (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, April 19th. The basic materials company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Akzo Nobel NV had a return on equity of 14.98% and a net margin of 6.75%. The company had revenue of $3.90 billion during the quarter. Equities analysts expect that Akzo Nobel NV will post $1.42 earnings per share for the current fiscal year.
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About Akzo Nobel NV
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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