Akzo Nobel (OTCMKTS:AKZOY) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of Akzo Nobel (OTCMKTS:AKZOY) in a research note issued to investors on Friday. The firm issued a buy rating on the basic materials company’s stock.

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

Akzo Nobel Price Performance

Shares of AKZOY opened at $21.85 on Friday. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.92 and a beta of 1.16. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The company’s fifty day simple moving average is $20.35 and its 200 day simple moving average is $21.52. 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 issued its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business 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, research analysts forecast that Akzo Nobel 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.