Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up – Time to Buy?
by Amy Steele · The Cerbat GemAkzo Nobel NV (OTCMKTS:AKZOY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $20.38, but opened at $24.41. Akzo Nobel shares last traded at $24.51, with a volume of 29,688 shares changing hands.
Analysts Set New Price Targets
AKZOY has been the topic of a number of analyst reports. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on AKZOY
Akzo Nobel Price Performance
The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.13 and a beta of 1.07. The stock has a 50-day moving average price of $19.77 and a two-hundred day moving average price of $21.47.
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. As a group, equities research analysts forecast that Akzo Nobel NV will post 1.46 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.