Analysts Offer Predictions for Akzo Nobel’s FY2017 Earnings (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Jefferies Group upped their FY2017 earnings estimates for shares of Akzo Nobel in a research note issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will earn $1.64 per share for the year, up from their prior forecast of $1.55. Jefferies Group also issued estimates for Akzo Nobel’s Q4 2017 earnings at $0.31 EPS, FY2018 earnings at $1.10 EPS, FY2019 earnings at $1.25 EPS and FY2020 earnings at $1.39 EPS.

AKZOY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, January 4th. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Akzo Nobel (AKZOY) opened at $32.51 on Friday. Akzo Nobel has a 1 year low of $21.94 and a 1 year high of $32.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01. The firm has a market cap of $24,766.08, a price-to-earnings ratio of 25.01, a P/E/G ratio of 2.00 and a beta of 1.18.

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Akzo Nobel 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, 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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