Akzo Nobel NV (OTCMKTS:AKZOY) Given Average Recommendation of “Hold” by Brokerages

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company.

Several analysts recently weighed in on AKZOY shares. Zacks Investment Research upgraded Akzo Nobel from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. Berenberg Bank began coverage on Akzo Nobel in a report on Wednesday, September 4th. They issued a “sell” rating on the stock. Finally, Morgan Stanley raised Akzo Nobel from an “equal weight” rating to an “overweight” rating in a research report on Wednesday.

Akzo Nobel stock traded up $0.45 during mid-day trading on Friday, hitting $32.30. 31,483 shares of the company’s stock were exchanged, compared to its average volume of 50,369. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.29. The stock has a market cap of $20.24 billion, a P/E ratio of 39.39, a P/E/G ratio of 1.48 and a beta of 0.76. Akzo Nobel has a 1-year low of $25.61 and a 1-year high of $33.00. The stock has a 50 day moving average of $31.60 and a two-hundred day moving average of $30.53.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Akzo Nobel had a return on equity of 6.18% and a net margin of 70.34%. The firm had revenue of $2.67 billion during the quarter. As a group, research analysts predict that Akzo Nobel will post 1.19 EPS 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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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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