FY2018 EPS Estimates for Akzo Nobel Boosted by Analyst (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Equities research analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Akzo Nobel in a research note issued to investors on Monday. Jefferies Group analyst L. Alexander now expects that the basic materials company will post earnings of $1.11 per share for the year, up from their previous forecast of $1.10.

Other equities research analysts have also recently issued reports about the company. ValuEngine raised Akzo Nobel from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Shares of Akzo Nobel (AKZOY) traded up $0.30 during trading on Tuesday, reaching $33.31. The company had a trading volume of 1,524 shares, compared to its average volume of 61,232. Akzo Nobel has a one year low of $26.52 and a one year high of $33.39. The company has a market cap of $25,072.44, a PE ratio of 20.21, a P/E/G ratio of 2.01 and a beta of 1.09. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.39.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Thursday, March 8th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.05. Akzo Nobel had a return on equity of 16.15% and a net margin of 6.19%. The firm had revenue of $2.69 billion for the quarter.

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About Akzo Nobel

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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