Akzo Nobel (OTCMKTS:AKZOY) Downgraded by Barclays to “Hold”

Barclays downgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

AKZOY has been the subject of a number of other reports. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Akzo Nobel has an average rating of “Hold”.

Akzo Nobel Stock Down 5.1%

Akzo Nobel stock opened at $18.34 on Thursday. The company has a market capitalization of $9.42 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. Akzo Nobel has a fifty-two week low of $18.04 and a fifty-two week high of $24.52. The firm has a 50 day moving average price of $22.51 and a 200 day moving average price of $22.70.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Research analysts expect that Akzo Nobel will post 1.52 earnings per share 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.