Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Rating of “Hold” by Analysts

Akzo Nobel NV (OTCMKTS:AKZOY) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Citigroup started coverage on shares of Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating on the stock. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th.

Akzo Nobel Stock Down 1.7%

Shares of OTCMKTS AKZOY opened at $22.80 on Friday. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $25.99. The stock has a market cap of $11.71 billion, a PE ratio of 16.29, a P/E/G ratio of 2.27 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $21.30 and a 200 day moving average of $21.66.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. As a group, sell-side analysts predict that Akzo Nobel will post 1.46 EPS 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.