Akzo Nobel NV (AKZOY) Receives Consensus Rating of “Hold” from Brokerages
Akzo Nobel NV (OTCMKTS:AKZOY) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.00.
AKZOY has been the subject of a number of research reports. Zacks Investment Research upgraded Akzo Nobel NV from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday, April 18th. ValuEngine upgraded Akzo Nobel NV from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Jefferies Group LLC initiated coverage on Akzo Nobel NV in a research note on Friday, May 26th. They issued a “hold” rating for the company.
Akzo Nobel NV (OTCMKTS AKZOY) traded down 0.37% during trading on Tuesday, hitting $29.88. 5,995 shares of the stock traded hands. Akzo Nobel NV has a one year low of $20.21 and a one year high of $30.64.
Akzo Nobel NV (OTCMKTS:AKZOY) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter. Akzo Nobel NV had a return on equity of 15.25% and a net margin of 6.63%. On average, analysts forecast that Akzo Nobel NV will post $1.42 earnings per share for the current fiscal year.
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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