Akzo Nobel (OTCMKTS:AKZOY) Reaches New 52-Week High – Time to Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.59 and last traded at $24.26, with a volume of 98143 shares changing hands. The stock had previously closed at $20.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Akzo Nobel Trading Down 0.6%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The company has a fifty day moving average of $19.89 and a 200-day moving average of $21.49. The firm has a market capitalization of $13.02 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%. On average, sell-side analysts anticipate that Akzo Nobel NV will post 1.46 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.