Akzo Nobel NV (AKZOY) Receives Average Recommendation of “Hold” from Brokerages
Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.00.
Several brokerages recently issued reports on AKZOY. ValuEngine raised shares of Akzo Nobel NV from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Akzo Nobel NV from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC began coverage on shares of Akzo Nobel NV in a research note on Friday, May 26th. They set a “hold” rating on the stock.
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Akzo Nobel NV (AKZOY) traded down 0.51% during mid-day trading on Friday, hitting $31.24. 17,800 shares of the stock traded hands. The stock’s 50 day moving average is $30.32 and its 200-day moving average is $28.39. The company has a market cap of $23.56 billion, a price-to-earnings ratio of 21.16 and a beta of 1.11. Akzo Nobel NV has a 12 month low of $20.21 and a 12 month high of $31.64.
Akzo Nobel NV (OTCMKTS:AKZOY) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter. Akzo Nobel NV had a net margin of 6.63% and a return on equity of 15.36%. On average, equities research analysts anticipate that Akzo Nobel NV will post $1.42 EPS for the current year.
Akzo Nobel NV Company Profile
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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