Akzo Nobel (OTCMKTS:AKZOY) Upgraded by Zacks Research to Hold Rating

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently weighed in on AKZOY. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup assumed coverage on Akzo Nobel in a research note on Friday, June 5th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Barclays cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Akzo Nobel Trading Up 2.4%

Shares of AKZOY stock opened at $22.11 on Monday. The company’s 50-day moving average price is $20.48 and its 200-day moving average price is $21.53. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.90 and a beta of 1.16. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%. As a group, equities analysts predict that Akzo Nobel will post 1.45 earnings per share 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.