Akzo Nobel NV (OTCMKTS:AKZOY) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Akzo Nobel, with six holds, one buy, and one strong-buy recommendation among eight covering firms.
• Akzo Nobel’s shares opened at $22.43, with a 12-month range of $18.04 to $25.99 and a market capitalization of approximately $11.52 billion.
• The company reported quarterly EPS of $0.41, below the $0.45 analyst consensus, while revenue of $2.95 billion was slightly under estimates of $2.96 billion.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several research analysts have issued reports on the company. Citigroup assumed coverage on Akzo Nobel in a report on Friday, June 5th. They issued a "buy" rating on the stock. Zacks Research upgraded Akzo Nobel from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Akzo Nobel in a research report on Monday, June 29th.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY opened at $22.43 on Friday. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $23.08 and a two-hundred day moving average of $21.66. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.84 and a beta of 1.18.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. As a group, analysts expect that Akzo Nobel will post 1.47 earnings per share for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company's brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.

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