Akzo Nobel (OTCMKTS:AKZOY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a sell rating in a research report sent to investors on Tuesday, June 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. “

AKZOY has been the topic of a number of other research reports. ValuEngine lowered Akzo Nobel from a buy rating to a hold rating in a report on Friday, June 1st. Goldman Sachs Group began coverage on Akzo Nobel in a report on Monday, June 4th. They set a conviction-buy rating on the stock. Finally, Deutsche Bank reaffirmed a buy rating on shares of Akzo Nobel in a report on Thursday, March 29th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Akzo Nobel presently has a consensus rating of Buy and an average target price of $33.00.

Akzo Nobel traded down $0.08, hitting $28.82, during trading hours on Tuesday, MarketBeat Ratings reports. 175,582 shares of the stock traded hands, compared to its average volume of 30,022. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.26. Akzo Nobel has a 1 year low of $28.56 and a 1 year high of $33.39. The company has a market capitalization of $21.92 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.92 and a beta of 1.10.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.14). Akzo Nobel had a return on equity of 14.23% and a net margin of 7.14%. The company had revenue of $2.67 billion for the quarter. sell-side analysts anticipate that Akzo Nobel will post 1.36 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.

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

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

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply