Akzo Nobel (OTCMKTS:AKZOY) Lowered to Strong Sell Rating by Zacks Research

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY opened at $23.29 on Wednesday. The company has a 50-day moving average of $22.67 and a 200-day moving average of $22.73. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. 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 twelve month low of $18.07 and a twelve month high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last released 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 business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. Analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current fiscal 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.