Akzo Nobel (OTCMKTS:AKZOY) Lowered to Hold Rating by Deutsche Bank Aktiengesellschaft

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

Shares of AKZOY opened at $18.76 on Tuesday. The stock has a 50 day simple moving average of $22.32 and a 200 day simple moving average of $22.63. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $24.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The firm has a market capitalization of $9.64 billion, a PE ratio of 13.30, a P/E/G ratio of 1.22 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Sell-side analysts predict that Akzo Nobel will post 1.52 EPS for the current fiscal 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.