Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up - What's Next?

Key Points

• Shares gapped up — Akzo Nobel opened at $21.34 after closing at $19.85 and last traded at $21.42 on a volume of 10,503, roughly a 4% intraday rise.
• Analyst consensus: Hold — One analyst has a Strong Buy rating and six have Hold ratings after several recent downgrades, leaving MarketBeat's average rating at "Hold".
• Mixed quarterly results — The company reported EPS of $0.22 (missing the $0.29 estimate) while revenue beat at $2.80B versus $2.51B, and shares trade at a market cap of $10.93B with a P/E around 15.1.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $19.85, but opened at $21.34. Akzo Nobel shares last traded at $21.42, with a volume of 10,503 shares traded.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays lowered shares of Akzo Nobel from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 19th. Zacks Research raised shares of Akzo Nobel from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th. 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. Finally, UBS Group raised shares of Akzo Nobel to a "hold" rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

Akzo Nobel Trading Up 4.0%

The firm's 50-day moving average price is $20.95 and its 200-day moving average price is $22.06. 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 $10.93 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. As a group, equities research analysts expect that Akzo Nobel NV 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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