Akzo Nobel (OTCMKTS:AKZOY) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat reports.

Several other analysts have also commented on AKZOY. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Akzo Nobel Stock Down 1.7%

Shares of OTCMKTS:AKZOY opened at $18.93 on Tuesday. The company has a market capitalization of $9.72 billion, a PE ratio of 13.43, 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 current ratio of 1.44 and a quick ratio of 1.08. The business has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $22.54. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last released its 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). The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Analysts forecast 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.