Akzo Nobel (OTCMKTS:AKZOY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

AKZOY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Akzo Nobel presently has an average rating of “Hold”.

Akzo Nobel Trading Down 1.0%

Shares of AKZOY opened at $18.73 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.62 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. The stock’s fifty day simple moving average is $21.39 and its 200 day simple moving average is $22.22. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $24.52.

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 the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. On average, equities research analysts forecast 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.