Akzo Nobel NV (OTCMKTS:AKZOY) Given Consensus Recommendation of “Hold” by Analysts

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

Several brokerages have commented on AKZOY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Citigroup began coverage on shares of Akzo Nobel in a report on Friday, June 5th. They set a “buy” rating on the stock. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th.

Akzo Nobel Stock Up 1.5%

Shares of Akzo Nobel stock opened at $22.21 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $25.99. The firm has a market capitalization of $11.41 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.18. The stock’s fifty day moving average is $22.25 and its 200-day moving average is $21.59.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. Equities analysts anticipate that Akzo Nobel will post 1.46 earnings per share for the current 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.