Akzo Nobel NV (AKZOY) Receives Average Recommendation of “Hold” from Brokerages
Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.00.
A number of equities analysts have recently weighed in on AKZOY shares. ValuEngine raised Akzo Nobel NV from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Societe Generale downgraded Akzo Nobel NV from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded Akzo Nobel NV from a “buy” rating to a “hold” rating in a research note on Monday, September 25th.
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Shares of Akzo Nobel NV (AKZOY) traded up 0.023% during mid-day trading on Wednesday, hitting $30.667. The stock had a trading volume of 991 shares. 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 issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.49 earnings per share 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%. Equities research analysts expect that Akzo Nobel NV will post $1.42 earnings per share 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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