Akzo Nobel (AKZOY) Now Covered by Analysts at Macquarie

Macquarie started coverage on shares of Akzo Nobel (OTCMKTS:AKZOY) in a research note released on Thursday morning. The brokerage issued an outperform rating on the basic materials company’s stock.

AKZOY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Akzo Nobel from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Monday, October 15th. Sanford C. Bernstein started coverage on shares of Akzo Nobel in a research report on Monday, September 24th. They set an outperform rating on the stock. Finally, Barclays upgraded shares of Akzo Nobel from an equal weight rating to an overweight rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $32.00.

Akzo Nobel stock opened at $28.03 on Thursday. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 5.00 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35. Akzo Nobel has a twelve month low of $27.01 and a twelve month high of $33.39.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 17th. The basic materials company reported $0.23 earnings per share for the quarter. The firm had revenue of $2.70 billion for the quarter. Akzo Nobel had a net margin of 9.76% and a return on equity of 9.48%. As a group, equities analysts forecast that Akzo Nobel will post 0.77 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, November 2nd. Shareholders of record on Monday, October 29th were given a dividend of $0.128 per share. The ex-dividend date was Friday, October 26th. Akzo Nobel’s payout ratio is presently 13.33%.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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