Akzo Nobel (OTCMKTS:AKZOY) Earns Overweight Rating from Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Akzo Nobel (OTCMKTS:AKZOY) in a research report report published on Monday, The Fly reports.

A number of other brokerages also recently issued reports on AKZOY. JPMorgan Chase & Co. raised shares of Akzo Nobel from a neutral rating to an overweight rating in a research report on Thursday, December 12th. Zacks Investment Research downgraded shares of Akzo Nobel from a buy rating to a hold rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Akzo Nobel has an average rating of Hold and an average target price of $38.00.

OTCMKTS:AKZOY opened at $21.90 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.29. Akzo Nobel has a 12 month low of $16.47 and a 12 month high of $34.36. The company has a market cap of $12.71 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.58 and a beta of 0.93. The company has a 50 day simple moving average of $26.88 and a two-hundred day simple moving average of $30.51.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Akzo Nobel had a net margin of 5.81% and a return on equity of 8.48%. The business had revenue of $2.48 billion during the quarter. Research analysts forecast that Akzo Nobel will post 1.42 earnings per share for the current year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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