Akzo Nobel (AKZOY) Rating Lowered to Hold at Zacks Investment Research

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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 also recently commented on AKZOY. ValuEngine raised Akzo Nobel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Societe Generale downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Akzo Nobel (OTCMKTS AKZOY) traded up $0.19 during trading on Friday, reaching $30.85. The company’s stock had a trading volume of 58,255 shares, compared to its average volume of 82,444. Akzo Nobel has a 12 month low of $21.11 and a 12 month high of $31.64. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $23,100.00, a P/E ratio of 21.88, a P/E/G ratio of 1.85 and a beta of 1.20.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, October 18th. The basic materials company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. The business had revenue of $4.26 billion during the quarter. equities analysts anticipate that Akzo Nobel will post 1.63 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/12/akzo-nobel-akzoy-rating-lowered-to-hold-at-zacks-investment-research.html.

About Akzo Nobel

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, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Get a free copy of the Zacks research report on Akzo Nobel (AKZOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply