Akzo Nobel (AKZOY) Cut to Hold at Zacks Investment Research

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 12th.

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. “

A number of other brokerages have also weighed in on AKZOY. Societe Generale lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. ValuEngine upgraded Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.00.

Shares of Akzo Nobel (AKZOY) traded down $0.04 during trading on Friday, hitting $30.63. The stock had a trading volume of 35,394 shares, compared to its average volume of 76,187. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01. Akzo Nobel has a 12-month low of $21.82 and a 12-month high of $31.64. The company has a market cap of $23,200.23, a price-to-earnings ratio of 23.56, a PEG ratio of 1.90 and a beta of 1.11.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.06). The company had revenue of $4.26 billion for the quarter. Akzo Nobel had a return on equity of 14.88% and a net margin of 6.13%. analysts expect that Akzo Nobel will post 1.62 EPS for the current year.

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About Akzo Nobel

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, Paints and Coatings, and Specialty Chemicals. 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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