Akzo Nobel (OTCMKTS:AKZOY) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank downgraded Akzo Nobel from a "buy" to a "hold" rating, joining several other firms in cutting their outlooks and leaving the street consensus at an average rating of Hold (1 Strong Buy, 4 Hold, 1 Sell).
• Shares opened at $18.76 (up ~3.2%), trading near their 12‑month low of $18.04 versus a high of $24.52, with a market cap of $9.64 billion and a P/E of 13.3.
• In the latest quarter Akzo Nobel reported EPS of $0.22 (vs. $0.29 expected) and revenue of $2.80 billion (above $2.51 billion est.), with a net margin of 6.49% and ROE of 13.73%; analysts forecast FY EPS of about $1.52.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of Akzo Nobel from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 4th. UBS Group raised Akzo Nobel to a "hold" rating in a report on Monday, January 12th. Barclays lowered Akzo Nobel from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 19th. Wall Street Zen downgraded Akzo Nobel from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Sanford C. Bernstein downgraded Akzo Nobel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Akzo Nobel presently has an average rating of "Hold".

Akzo Nobel Stock Up 3.2%

Shares of OTCMKTS AKZOY opened at $18.76 on Tuesday. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The firm's 50-day simple moving average is $22.32 and its 200 day simple moving average is $22.63. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07.

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

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