Akzo Nobel (OTCMKTS:AKZOY) Upgraded by The Goldman Sachs Group to Neutral

The Goldman Sachs Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a sell rating to a neutral rating in a research note released on Thursday, MarketBeat.com reports.

Akzo Nobel Trading Down 0.9 %

AKZOY stock opened at $21.90 on Thursday. The business has a fifty day moving average price of $24.07 and a 200 day moving average price of $24.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77. Akzo Nobel has a fifty-two week low of $21.47 and a fifty-two week high of $29.03. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.74 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The company had revenue of $2.88 billion during the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. Analysts expect that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.4498 per share. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is presently 24.47%.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.