Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – Here’s What Happened

Akzo Nobel NV (OTCMKTS:AKZOY) gapped down prior to trading on Monday . The stock had previously closed at $23.44, but opened at $21.87. Akzo Nobel shares last traded at $21.91, with a volume of 6,085 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on AKZOY shares. UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

The company has a market cap of $10.98 billion, a P/E ratio of 15.16, a PEG ratio of 1.50 and a beta of 1.07. The firm’s 50-day moving average is $23.25 and its two-hundred day moving average is $22.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Analysts anticipate that Akzo Nobel NV will post 1.52 earnings per share for the current year.

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.