Akzo Nobel NV (AKZOY) Downgraded by Zacks Investment Research to Hold
Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
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 research firms have also recently weighed in on AKZOY. Societe Generale cut shares of Akzo Nobel NV from a “buy” rating to a “hold” rating in a report on Monday, September 25th. ValuEngine upgraded shares of Akzo Nobel NV from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.00.
Akzo Nobel NV (AKZOY) traded down 0.10% on Monday, hitting $30.64. 12,287 shares of the stock were exchanged. Akzo Nobel NV has a one year low of $20.21 and a one year high of $31.64.
Akzo Nobel NV (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter. Akzo Nobel NV had a net margin of 6.63% and a return on equity of 15.36%. Analysts forecast that Akzo Nobel NV will post $1.42 earnings per share for the current 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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