Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, October 18th.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
AKZOY has been the subject of a number of other research reports. Societe Generale cut Akzo Nobel NV from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. ValuEngine raised Akzo Nobel NV from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.00.
Shares of Akzo Nobel NV (OTCMKTS AKZOY) traded down $0.11 during mid-day trading on Wednesday, hitting $30.12. The stock had a trading volume of 81,612 shares, compared to its average volume of 59,360. Akzo Nobel NV has a one year low of $20.21 and a one year high of $31.64. The firm has a market cap of $22,790.00, a PE ratio of 19.89, a PEG ratio of 1.67 and a beta of 1.20. The company has a current ratio of 1.34, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39.
Akzo Nobel NV (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The company had revenue of $4.26 billion during the quarter. Akzo Nobel NV had a return on equity of 15.10% and a net margin of 6.13%. sell-side analysts predict that Akzo Nobel NV will post 1.63 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/akzo-nobel-nv-akzoy-rating-lowered-to-sell-at-zacks-investment-research/1723033.html.
Akzo Nobel NV Company Profile
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Akzo Nobel NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel NV and related companies with our FREE daily email newsletter.