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

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Several analysts recently commented on the company. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Citigroup started coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st.

Akzo Nobel Stock Up 0.6%

Shares of Akzo Nobel stock opened at $23.23 on Thursday. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $22.40 and its 200 day moving average is $21.59. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. Research analysts anticipate that Akzo Nobel will post 1.47 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.