FY2017 Earnings Forecast for Akzo Nobel Issued By Jefferies Group (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Equities researchers at Jefferies Group increased their FY2017 earnings estimates for shares of Akzo Nobel in a research note issued on Thursday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will earn $1.64 per share for the year, up from their prior forecast of $1.55. Jefferies Group also issued estimates for Akzo Nobel’s Q4 2017 earnings at $0.31 EPS, FY2018 earnings at $1.10 EPS, FY2019 earnings at $1.25 EPS and FY2020 earnings at $1.39 EPS.

A number of other equities research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Akzo Nobel has a consensus rating of “Hold” and an average target price of $33.00.

Shares of Akzo Nobel (AKZOY) opened at $31.06 on Friday. Akzo Nobel has a 12-month low of $21.82 and a 12-month high of $31.88. The firm has a market cap of $22,988.42, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.01 and a current ratio of 1.40.

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Akzo Nobel 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, 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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