Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) is expected to announce its results before the market opens on Tuesday, February 3rd. Analysts expect the company to announce earnings of $0.31 per share and revenue of $2.5072 billion for the quarter.
Akzo Nobel Price Performance
Akzo Nobel stock opened at $23.21 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. Akzo Nobel has a one year low of $18.07 and a one year high of $24.52. The stock’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $22.73. The firm has a market cap of $11.92 billion, a PE ratio of 232.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09.
Analyst Ratings Changes
Several brokerages have recently commented on AKZOY. UBS Group upgraded Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Akzo Nobel currently has an average rating of “Moderate Buy”.
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.
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