Akzo Nobel (OTCMKTS:AKZOY) Stock Rating Lowered by The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Marketbeat.com reports.

Akzo Nobel Stock Performance

OTCMKTS AKZOY opened at $20.14 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $22.30 and a 200 day simple moving average of $24.08. Akzo Nobel has a 12-month low of $20.05 and a 12-month high of $29.03. The company has a market cap of $10.32 billion, a P/E ratio of 21.43, a PEG ratio of 0.63 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 EPS for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The company had revenue of $2.88 billion during the quarter. Sell-side analysts predict that Akzo Nobel will post 1.49 earnings per share for the current fiscal 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.