Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Rating of “Hold” from Brokerages

by · The Markets Daily

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have recently commented on the company. Citigroup assumed coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating on the stock. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th.

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Akzo Nobel Stock Down 2.0%

AKZOY stock opened at $21.59 on Friday. The stock has a market capitalization of $11.09 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.18. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $23.05 and a 200-day moving average price of $21.61. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last posted 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). Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, equities research analysts anticipate that Akzo Nobel will post 1.47 EPS for the current fiscal year.

Akzo Nobel Company Profile

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Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company’s brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.

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