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) 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.
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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.
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