Akzo Nobel (OTCMKTS:AKZOY) Upgraded at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Thursday, Briefing.com reports.

Akzo Nobel Trading Down 1.4 %

OTCMKTS:AKZOY opened at $22.09 on Thursday. The firm’s fifty day moving average is $24.12 and its 200-day moving average is $24.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06. Akzo Nobel has a 52 week low of $21.47 and a 52 week high of $29.03. The firm has a market cap of $11.32 billion, a P/E ratio of 23.50, a P/E/G ratio of 0.78 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $2.72 billion for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.43%. Equities analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.