Akzo Nobel NV (OTCMKTS:AKZOY) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Wall Street analysts have a consensus “Hold” rating on Akzo Nobel, with five holds, two buys and one sell among eight covering brokerages. Zacks Research recently downgraded the stock to “strong sell,” while Oddo Bhf upgraded it to “outperform.”
• Akzo Nobel shares opened at $22.10, up 1.1%, with a market capitalization of approximately $11.35 billion and a 52-week range of $18.04 to $25.99.
• The company’s latest quarterly results fell short of expectations: earnings per share were $0.38 versus a $0.42 estimate, while revenue was $2.85 billion compared with the $2.96 billion consensus forecast.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company.

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Akzo Nobel from a "hold" rating to a "strong sell" rating in a research note on Friday, October 23rd. Oddo Bhf upgraded Akzo Nobel from a "neutral" rating to an "outperform" rating in a report on Monday, September 28th.

Akzo Nobel Stock Up 1.1%

Shares of OTCMKTS AKZOY opened at $22.10 on Friday. The company has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $21.92. The firm has a market cap of $11.35 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $25.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.93 and a quick ratio of 1.55.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its earnings results on Wednesday, October 21st. The basic materials company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). Akzo Nobel had a return on equity of 12.18% and a net margin of 6.71%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, research analysts forecast that Akzo Nobel will post 1.40 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.

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