Akzo Nobel (AKZOY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a research note published on Friday morning.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
A number of other research firms have also recently issued reports on AKZOY. ValuEngine raised Akzo Nobel from a hold rating to a buy rating in a report on Sunday, December 31st. Societe Generale cut Akzo Nobel from a buy rating to a hold rating in a report on Monday, September 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $33.00.
Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The company had revenue of $4.26 billion for the quarter. Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. equities research analysts anticipate that Akzo Nobel will post 1.62 EPS for the current year.
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Akzo Nobel 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, Paints and Coatings, and Specialty Chemicals. 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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