Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts have an average recommendation of "Hold" on Akzo Nobel from seven brokerages (six holds, one strong buy), with recent downgrades from Barclays, Goldman Sachs and Deutsche Bank while UBS and Zacks moved to hold.
• Akzo Nobel reported quarterly EPS of $0.22, missing the $0.29 estimate but beating revenue expectations with $2.80 billion versus $2.51 billion, and analysts expect about 1.52 EPS for the current fiscal year.
• The shares opened at $19.94 and were trading down ~1.5%, with a 12‑month range of $18.04–$24.52, a market cap of $10.24 billion and a PE ratio of 14.14 (50‑day MA $21.12, 200‑day MA $22.11).

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

AKZOY has been the subject of several research reports. Barclays cut Akzo Nobel from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. UBS Group upgraded Akzo Nobel to a "hold" rating in a research report on Monday, January 12th. The Goldman Sachs Group lowered shares of Akzo Nobel from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Akzo Nobel from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Akzo Nobel from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th.

Akzo Nobel Trading Down 1.5%

Shares of Akzo Nobel stock opened at $19.94 on Tuesday. The company has a 50-day moving average of $21.12 and a two-hundred day moving average of $22.11. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The stock has a market cap of $10.24 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. On average, research analysts anticipate that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Company Profile

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.

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