Akzo Nobel NV (AKZOY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Akzo Nobel NV (OTCMKTS:AKZOY) from a buy rating to a hold rating in a report issued on Monday, October 9th.

According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “

Other research analysts also recently issued reports about the stock. Societe Generale downgraded shares of Akzo Nobel NV from a buy rating to a hold rating in a research report on Monday, September 25th. ValuEngine raised shares of Akzo Nobel NV from a hold rating to a buy rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $34.00.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) opened at 30.70 on Monday. The stock has a market capitalization of $23.15 billion, a P/E ratio of 20.27 and a beta of 1.12. Akzo Nobel NV has a one year low of $20.21 and a one year high of $31.64. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $29.54.

Akzo Nobel NV (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Akzo Nobel NV had a net margin of 6.13% and a return on equity of 15.10%. The firm had revenue of $4.26 billion for the quarter. Equities analysts forecast that Akzo Nobel NV will post $1.42 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Akzo Nobel NV (AKZOY) Downgraded by Zacks Investment Research to “Hold”” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/21/zacks-investment-research-lowers-akzo-nobel-nv-akzoy-to-hold.html.

Akzo Nobel NV Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

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Analyst Recommendations for Akzo Nobel NV (OTCMKTS:AKZ


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According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “

Other research analysts also recently issued reports about the stock. Societe Generale downgraded shares of Akzo Nobel NV from a buy rating to a hold rating in a research report on Monday, September 25th. ValuEngine raised shares of Akzo Nobel NV from a hold rating to a buy rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $34.00.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) opened at 30.70 on Monday. The stock has a market capitalization of $23.15 billion, a P/E ratio of 20.27 and a beta of 1.12. Akzo Nobel NV has a one year low of $20.21 and a one year high of $31.64. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $29.54.

Akzo Nobel NV (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Akzo Nobel NV had a net margin of 6.13% and a return on equity of 15.10%. The firm had revenue of $4.26 billion for the quarter. Equities analysts forecast that Akzo Nobel NV will post $1.42 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Akzo Nobel NV (AKZOY) Downgraded by Zacks Investment Research to “Hold”” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/21/zacks-investment-research-lowers-akzo-nobel-nv-akzoy-to-hold.html.

Akzo Nobel NV Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Get a free copy of the Zacks research report on Akzo Nobel NV (AKZOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Akzo Nobel NV (OTCMKTS:AKZOY)

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