Akzo Nobel (AKZOY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a research note published on Friday.

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 topic of several other reports. ValuEngine upgraded shares of Akzo Nobel from a hold rating to a buy rating in a research note on Sunday, December 31st. Societe Generale lowered shares of Akzo Nobel from a buy rating to a hold rating in a research note on Monday, September 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $33.00.

Akzo Nobel (OTCMKTS AKZOY) traded up $0.23 during trading on Friday, hitting $30.90. 58,722 shares of the stock traded hands, compared to its average volume of 83,278. The firm has a market cap of $23,192.67, a price-to-earnings ratio of 23.77, a PEG ratio of 1.90 and a beta of 1.11. Akzo Nobel has a one year low of $21.11 and a one year high of $31.64. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.39.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.06). The firm had revenue of $4.26 billion for the quarter. Akzo Nobel had a return on equity of 14.88% and a net margin of 6.13%. sell-side analysts anticipate that Akzo Nobel will post 1.62 earnings per share for the current fiscal year.

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Akzo Nobel 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, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

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