Akzo Nobel (OTCMKTS:AKZOY) Upgraded to "Neutral" at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research report issued on Thursday, MarketBeat Ratings reports.

Akzo Nobel Stock Down 0.9 %

AKZOY stock traded down $0.19 during mid-day trading on Thursday, hitting $21.90. 393,098 shares of the company were exchanged, compared to its average volume of 183,579. The firm's 50 day simple moving average is $24.07 and its 200 day simple moving average is $24.70. The firm has a market cap of $11.22 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06. Akzo Nobel has a 1-year low of $21.47 and a 1-year high of $29.03.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The business had revenue of $2.88 billion during the quarter. On average, sell-side analysts predict that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.