Akzo Nobel (AKZOY) Receives Consensus Rating of “Buy” from Analysts

Akzo Nobel (OTCMKTS:AKZOY) has earned an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of research analysts have weighed in on AKZOY shares. Zacks Investment Research downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Barclays upgraded shares of Akzo Nobel from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 26th. Finally, Sanford C. Bernstein started coverage on shares of Akzo Nobel in a research report on Monday, September 24th. They set an “outperform” rating for the company.

Shares of Akzo Nobel stock traded up $0.05 during trading hours on Tuesday, reaching $27.35. The stock had a trading volume of 27,891 shares, compared to its average volume of 37,019. The company has a market cap of $21.01 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 4.87 and a beta of 0.99. Akzo Nobel has a twelve month low of $27.01 and a twelve month high of $33.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.40.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 17th. The basic materials company reported $0.23 earnings per share for the quarter. The business had revenue of $2.70 billion during the quarter. Akzo Nobel had a net margin of 9.76% and a return on equity of 9.48%. Equities research analysts forecast that Akzo Nobel will post 0.77 EPS for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Friday, November 2nd. Investors of record on Monday, October 29th were given a dividend of $0.128 per share. The ex-dividend date was Friday, October 26th. Akzo Nobel’s dividend payout ratio (DPR) is presently 13.33%.

About Akzo Nobel

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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