Akzo Nobel (OTCMKTS:AKZOY) Cut to Hold at Barclays

Barclays cut shares of Akzo Nobel (OTCMKTS:AKZOYFree Report) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on AKZOY

Akzo Nobel Price Performance

Akzo Nobel stock opened at $18.18 on Thursday. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The firm has a 50 day moving average price of $22.41 and a 200 day moving average price of $22.66. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.22 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. Sell-side analysts predict that Akzo Nobel will post 1.52 earnings per share for the current year.

About Akzo Nobel

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Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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