Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to “Hold” at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Akzo Nobel Stock Down 0.2%

Shares of OTCMKTS:AKZOY opened at $18.81 on Wednesday. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The business’s 50-day moving average is $21.66 and its 200-day moving average is $22.36. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.27 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. Equities research analysts predict that Akzo Nobel 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.