Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Akzo Nobel’s trading volume surged 115% to approximately 374,105 shares, while the stock fell 1.9% to $21.60 from its prior close of $22.04.
• Analyst sentiment remains cautious: one analyst rates the stock Strong Buy, one Buy, and six Hold, resulting in a consensus “Hold” rating.
• The company slightly missed quarterly expectations, reporting $0.41 EPS versus the $0.45 estimate and revenue of $2.95 billion versus $2.96 billion expected; analysts project full-year EPS of $1.47.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) shares saw an uptick in trading volume on Thursday . Approximately 374,105 shares changed hands during trading, an increase of 115% from the previous session's volume of 174,403 shares.The stock last traded at $21.60 and had previously closed at $22.04.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Akzo Nobel in a research note on Monday, June 29th. Citigroup started coverage on shares of Akzo Nobel in a report on Friday, June 5th. They issued a "buy" rating for the company. Finally, Zacks Research upgraded shares of Akzo Nobel from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Akzo Nobel Trading Down 1.9%

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 company has a market cap of $11.11 billion, a PE ratio of 15.12, a P/E/G ratio of 1.78 and a beta of 1.18. The company has a fifty day simple moving average of $23.05 and a two-hundred day simple moving average of $21.62.

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

Akzo Nobel Company Profile

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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