Akzo Nobel (OTCMKTS:AKZOY) Downgraded to Sell at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a neutral rating to a sell rating in a report released on Monday morning, Marketbeat Ratings reports.

Akzo Nobel Stock Up 2.5 %

AKZOY opened at $20.64 on Monday. The business’s fifty day simple moving average is $22.23 and its 200 day simple moving average is $24.01. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Akzo Nobel has a 52 week low of $20.05 and a 52 week high of $29.03. The firm has a market cap of $10.58 billion, a P/E ratio of 21.96, a PEG ratio of 0.63 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. The firm had revenue of $2.88 billion for the quarter. As a group, equities research analysts anticipate that Akzo Nobel will post 1.49 EPS for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.