Akzo Nobel (OTCMKTS:AKZOY) Upgraded to “Hold” at UBS Group

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by research analysts at UBS Group to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Akzo Nobel Trading Down 0.6%

OTCMKTS:AKZOY opened at $22.95 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. Akzo Nobel has a 1-year low of $18.07 and a 1-year high of $24.52. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 229.50, a PEG ratio of 0.94 and a beta of 1.09. The business’s 50-day moving average price is $22.14 and its two-hundred day moving average price is $22.76.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion. On average, equities analysts expect that Akzo Nobel will post 1.52 earnings per share for the current year.

About Akzo Nobel

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.