Akzo Nobel NV (OTCMKTS:AKZOY) Given Consensus Rating of “Hold” by Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company.

A number of analysts recently weighed in on AKZOY shares. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Akzo Nobel Stock Performance

Shares of AKZOY opened at $25.66 on Wednesday. The stock has a 50-day moving average price of $20.04 and a 200-day moving average price of $21.51. The company has a market cap of $13.18 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $25.99. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. As a group, equities analysts forecast that Akzo Nobel will post 1.46 earnings per share for the current fiscal 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.