Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.97 and traded as high as $23.9050. Akzo Nobel shares last traded at $23.87, with a volume of 121,768 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Zacks Research raised Akzo Nobel from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Akzo Nobel in a research note on Monday, June 29th. Finally, Citigroup assumed coverage on Akzo Nobel in a research report on Friday, June 5th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Akzo Nobel presently has a consensus rating of "Hold".
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Akzo Nobel Stock Performance
The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.91 and a beta of 1.17. The company has a 50 day simple moving average of $22.97 and a 200 day simple moving average of $21.69.
Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.96 billion. As a group, equities research analysts forecast that Akzo Nobel NV will post 1.47 EPS for the current year.
Akzo Nobel Company Profile
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Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world's leading coatings manufacturers, serving both decorative and industrial markets.
The company's business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.
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