Shares of Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.
Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Citigroup assumed coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They issued a “buy” rating for the company. Finally, Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th.
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Akzo Nobel Price Performance
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. Analysts anticipate that Akzo Nobel will post 1.47 earnings per share for the current year.
Akzo Nobel Company Profile
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.
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