Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – Should You Buy?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) saw an uptick in trading volume on Friday . 815,375 shares were traded during trading, an increase of 202% from the previous session’s volume of 270,395 shares.The stock last traded at $23.01 and had previously closed at $23.29.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AKZOY. Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday. UBS Group upgraded Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Finally, Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Akzo Nobel Price Performance

The company has a market cap of $11.83 billion, a PE ratio of 16.33, a PEG ratio of 1.55 and a beta of 1.08. The firm’s 50-day moving average is $22.70 and its 200-day moving average is $22.73. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.88.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. On average, equities analysts anticipate that Akzo Nobel NV will post 1.52 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.