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.

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.

WARNING: This piece was first reported by WKRB News and is owned by of WKRB News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.wkrb13.com/2018/04/01/akzonobel-akzoy-earns-buy-rating-from-deutsche-bank.html.

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.

Receive News & Ratings for AkzoNobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AkzoNobel and related companies with MarketBeat.com's FREE daily email newsletter.