Societe Generale Downgrades Akzo Nobel NV (AKZOY) to Hold
Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by stock analysts at Societe Generale from a “buy” rating to a “hold” rating in a research report issued on Monday.
AKZOY has been the subject of several other research reports. ValuEngine raised shares of Akzo Nobel NV from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Akzo Nobel NV from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.
Akzo Nobel NV (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter. Akzo Nobel NV had a net margin of 6.63% and a return on equity of 15.36%.
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About Akzo Nobel NV
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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