Akzo Nobel (OTCMKTS:AKZOY) Given Average Recommendation of “Hold” by Brokerages

Akzo Nobel (OTCMKTS:AKZOY) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company.

A number of research analysts have recently commented on AKZOY shares. Kepler Capital Markets upgraded shares of Akzo Nobel from a “reduce” rating to a “hold” rating in a research report on Thursday, July 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Akzo Nobel in a research note on Thursday, July 22nd. Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a report on Friday, July 2nd. Zacks Investment Research lowered shares of Akzo Nobel from a “hold” rating to a “sell” rating in a report on Wednesday, July 21st. Finally, HSBC reaffirmed a “buy” rating on shares of Akzo Nobel in a research report on Tuesday, June 22nd.

AKZOY traded up $0.16 during midday trading on Friday, reaching $39.67. 34,452 shares of the company were exchanged, compared to its average volume of 70,904. The company’s fifty day moving average price is $40.84 and its 200 day moving average price is $40.43. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 1.43. Akzo Nobel has a one year low of $31.88 and a one year high of $44.14.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, July 21st. The basic materials company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). Akzo Nobel had a net margin of 9.34% and a return on equity of 15.11%. The company had revenue of $3.03 billion for the quarter. As a group, sell-side analysts anticipate that Akzo Nobel will post 1.81 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel NV is a holding company that engages in the manufacture and sale of coating and paint products. It operates through the following segments: Decorative Paints and Performance Coatings. The Decorative Paints segment manufactures and supplies a range of interior and exterior decoration and protection products for professional and do-it-yourself markets.

Featured Story: What are the advantages of the Stochastic Momentum Index?

Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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.