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

Zacks Investment Research upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a sell rating to a hold rating in a report released on Monday.

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. “

Several other research firms have also commented on AKZOY. ValuEngine lowered Akzo Nobel from a buy rating to a hold rating in a research note on Friday, June 1st. Goldman Sachs Group initiated coverage on Akzo Nobel in a research note on Monday, June 4th. They issued a conviction-buy rating for the company. Finally, Deutsche Bank reiterated a buy rating on shares of Akzo Nobel in a research note on Thursday, March 29th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $33.00.

OTCMKTS:AKZOY opened at $28.37 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $21.86 billion, a PE ratio of 17.19, a P/E/G ratio of 1.92 and a beta of 1.10. Akzo Nobel has a one year low of $28.13 and a one year high of $33.39.

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

About Akzo Nobel

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.

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