Akzo Nobel (AKZOY) Upgraded by Jefferies Financial Group to Buy

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Jefferies Financial Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports.

A number of other research firms have also recently weighed in on AKZOY. Zacks Investment Research cut Akzo Nobel from a buy rating to a hold rating in a report on Monday, October 22nd. Barclays raised Akzo Nobel from an equal weight rating to an overweight rating in a report on Friday, October 26th. Sanford C. Bernstein started coverage on Akzo Nobel in a report on Monday, September 24th. They set an outperform rating on the stock. Finally, Macquarie initiated coverage on Akzo Nobel in a report on Thursday, November 29th. They set an outperform rating on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $32.00.

Shares of AKZOY traded down $0.46 during mid-day trading on Friday, reaching $26.88. 67,243 shares of the company’s stock traded hands, compared to its average volume of 47,882. The stock has a market cap of $21.01 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 4.86 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35. Akzo Nobel has a 12 month low of $26.85 and a 12 month high of $33.39.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 17th. The basic materials company reported $0.23 earnings per share for the quarter. The company had revenue of $2.70 billion for the quarter. Akzo Nobel had a return on equity of 9.48% and a net margin of 9.76%. As a group, analysts forecast that Akzo Nobel will post 0.77 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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