Akzo Nobel (OTCMKTS:AKZOY) Stock Rating Upgraded by Morgan Stanley

Akzo Nobel (OTCMKTS:AKZOY) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, The Fly reports.

Several other equities research analysts have also commented on the stock. Berenberg Bank started coverage on shares of Akzo Nobel in a research note on Wednesday, September 4th. They set a “sell” rating on the stock. Zacks Investment Research upgraded shares of Akzo Nobel from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.00.

Shares of Akzo Nobel stock opened at $31.89 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.29. Akzo Nobel has a 52 week low of $25.61 and a 52 week high of $33.00. The firm’s 50 day moving average is $31.57 and its two-hundred day moving average is $30.51. The firm has a market capitalization of $20.04 billion, a P/E ratio of 38.89, a P/E/G ratio of 1.48 and a beta of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. Akzo Nobel had a net margin of 70.34% and a return on equity of 6.18%. The business had revenue of $2.67 billion during the quarter. As a group, research analysts expect that Akzo Nobel will post 1.19 earnings per share for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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