Akzo Nobel (OTCMKTS:AKZOY) Upgraded at Zacks Investment Research

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Akzo Nobel (OTCMKTS:AKZOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “

Separately, Berenberg Bank began coverage on shares of Akzo Nobel in a report on Wednesday, September 4th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.00.

AKZOY traded up $0.19 during trading on Friday, reaching $32.05. 19,738 shares of the stock traded hands, compared to its average volume of 52,259. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. Akzo Nobel has a 12 month low of $25.61 and a 12 month high of $33.00. The stock has a market capitalization of $19.60 billion, a PE ratio of 39.09, a P/E/G ratio of 1.45 and a beta of 0.76. The stock’s 50-day moving average is $30.36 and its 200 day moving average is $30.06.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Akzo Nobel had a net margin of 70.34% and a return on equity of 5.75%. The company had revenue of $2.67 billion for the quarter. As a group, equities research analysts anticipate that Akzo Nobel will post 1.19 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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