Akzo Nobel NV (OTCMKTS:AKZOY) Given Consensus Recommendation of “Hold” by Analysts

Akzo Nobel NV (OTCMKTS:AKZOY) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts recently issued reports on AKZOY shares. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Akzo Nobel Price Performance

OTCMKTS AKZOY opened at $18.93 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $9.72 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The company has a 50 day moving average price of $22.08 and a two-hundred day moving average price of $22.54.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly 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 business 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%. As a group, equities analysts predict that Akzo Nobel will post 1.52 earnings per share 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.