Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Marketbeat reports.

Several other brokerages also recently issued reports on AKZOY. Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.

Akzo Nobel Trading Up 3.3%

AKZOY stock opened at $19.26 on Tuesday. The business has a fifty day moving average price of $22.16 and a 200 day moving average price of $22.57. Akzo Nobel has a fifty-two week low of $18.04 and a fifty-two week high of $24.52. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.26 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Analysts expect that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Company Profile

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.