Akzo Nobel (OTCMKTS:AKZOY) Sets New 52-Week Low After Analyst Downgrade

Shares of Akzo Nobel (OTCMKTS:AKZOY – Get Rating) reached a new 52-week low during trading on Tuesday after Morgan Stanley lowered their price target on the stock from €110.00 to €104.00. The stock traded as low as $23.19 and last traded at $23.23, with a volume of 348226 shares traded. The stock had previously closed at $23.51.

AKZOY has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of Akzo Nobel from an “underperform” rating to a “hold” rating in a report on Friday, March 18th. UBS Group upgraded Akzo Nobel from a “neutral” rating to a “buy” rating in a report on Monday, May 16th. Barclays upped their price target on Akzo Nobel from €113.00 ($118.95) to €114.00 ($120.00) in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Akzo Nobel from €97.00 ($102.11) to €90.00 ($94.74) and set a “hold” rating on the stock in a research note on Wednesday, June 15th. Finally, JPMorgan Chase & Co. decreased their target price on Akzo Nobel from €105.00 ($110.53) to €88.00 ($92.63) and set a “neutral” rating for the company in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.50.

The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.07 and a beta of 1.00. The business’s 50-day moving average price is $27.90 and its 200 day moving average price is $31.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.96.

Akzo Nobel (OTCMKTS:AKZOY – Get Rating) last announced its earnings results on Thursday, April 21st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter. Akzo Nobel had a return on equity of 11.87% and a net margin of 7.81%. The business had revenue of $2.83 billion for the quarter. As a group, sell-side analysts expect that Akzo Nobel will post 1.53 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Wednesday, May 11th. Investors of record on Wednesday, April 27th were paid a $0.4748 dividend. The ex-dividend date of this dividend was Tuesday, April 26th. This represents a dividend yield of 2.15%. Akzo Nobel’s dividend payout ratio (DPR) is presently 54.66%.

About Akzo Nobel (OTCMKTS:AKZOY)

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood, and other building materials.

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