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.
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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