Akzo Nobel NV (AKZOY) Given Consensus Recommendation of “Hold” by Brokerages
Akzo Nobel NV (OTCMKTS:AKZOY) has been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Akzo Nobel NV from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Societe Generale downgraded Akzo Nobel NV from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, ValuEngine upgraded Akzo Nobel NV from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
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Akzo Nobel NV (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). The company had revenue of $4.26 billion during the quarter. Akzo Nobel NV had a net margin of 6.13% and a return on equity of 15.10%.
Akzo Nobel NV Company Profile
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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