Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Recommendation of “Hold” by Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

A number of analysts have commented on the company. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Barclays cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday.

Akzo Nobel Stock Down 0.6%

Akzo Nobel stock opened at $18.64 on Friday. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07. The firm’s fifty day moving average price is $22.23 and its two-hundred day moving average price is $22.59. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. On average, equities research analysts predict that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

About Akzo Nobel

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.