AkzoNobel (AKZOY) Earns “Buy” Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of AkzoNobel (OTCMKTS:AKZOY) in a research note released on Thursday morning.

A number of other equities research analysts have also recently issued reports on AKZOY. Zacks Investment Research cut AkzoNobel from a buy rating to a hold rating in a research note on Friday, January 5th. ValuEngine upgraded AkzoNobel from a hold rating to a buy rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. AkzoNobel presently has an average rating of Hold and a consensus price target of $33.00.

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Shares of AkzoNobel stock opened at $31.66 on Thursday. AkzoNobel has a 12-month low of $27.16 and a 12-month high of $33.39. The company has a market cap of $23,949.11, a PE ratio of 19.30, a P/E/G ratio of 1.94 and a beta of 1.09. The company has a current ratio of 1.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

AkzoNobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Thursday, March 8th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. AkzoNobel had a return on equity of 16.46% and a net margin of 6.19%. The company had revenue of $2.69 billion for the quarter. equities analysts expect that AkzoNobel will post 1.5 earnings per share for the current fiscal year.

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About AkzoNobel

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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