Akzo Nobel (OTCMKTS:AKZOY) Upgraded at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by investment analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report released on Thursday, Briefing.com reports.

Akzo Nobel Price Performance

Shares of AKZOY stock opened at $22.09 on Thursday. The firm’s 50 day moving average price is $24.12 and its two-hundred day moving average price is $24.72. The stock has a market cap of $11.32 billion, a PE ratio of 23.50, a PEG ratio of 0.78 and a beta of 1.27. Akzo Nobel has a 52-week low of $21.47 and a 52-week high of $29.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.15 earnings per share for the quarter. The company had revenue of $2.72 billion for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.43%. As a group, analysts forecast that Akzo Nobel will post 1.46 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.