Akzo Nobel (OTCMKTS:AKZOY) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Akzo Nobel in a report released on Monday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.11 per share for the year, up from their previous estimate of $1.10.
Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Thursday, March 8th. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. Akzo Nobel had a net margin of 6.19% and a return on equity of 16.15%. The business had revenue of $2.69 billion during the quarter.
Several other research analysts have also recently commented on AKZOY. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.00.
Shares of Akzo Nobel stock traded down $0.17 on Tuesday, reaching $32.54. 2,181 shares of the company traded hands, compared to its average volume of 59,429. Akzo Nobel has a fifty-two week low of $26.97 and a fifty-two week high of $33.39. The firm has a market capitalization of $24,728.25, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01.
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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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