Akzo Nobel (OTCMKTS:AKZOY) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Akzo Nobel’s shares crossed above their 200-day moving average, reaching $22.14 before closing at $21.9730, compared with the $21.94 average.
• Analyst sentiment remains cautious but improved after Oddo Bhf upgraded the stock to “outperform.” Overall, two analysts rate it a Buy and six rate it a Hold, producing a consensus “Hold” rating.
• The company’s latest quarter fell short of expectations, with EPS of $0.38 versus $0.42 expected and revenue of $2.85 billion versus $2.96 billion projected. Akzo Nobel reported a 6.71% net margin and 12.18% return on equity.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $21.94 and traded as high as $22.14. Akzo Nobel shares last traded at $21.9730, with a volume of 164,834 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oddo Bhf upgraded shares of Akzo Nobel from a "neutral" rating to an "outperform" rating in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Akzo Nobel in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Akzo Nobel Price Performance

The company has a 50-day moving average of $22.41 and a 200 day moving average of $21.94. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.55 and a current ratio of 1.93. The firm has a market cap of $11.29 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.84 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its quarterly 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 net margin of 6.71% and a return on equity of 12.18%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.96 billion. On average, sell-side analysts anticipate that Akzo Nobel NV will post 1.40 EPS for the current year.

About Akzo Nobel

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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