Akzo Nobel (OTCMKTS:AKZOY) Stock Rating Reaffirmed by Macquarie

Akzo Nobel (OTCMKTS:AKZOY)‘s stock had its “neutral” rating restated by investment analysts at Macquarie in a research note issued on Tuesday, Briefing.com Automated Import reports.

A number of other equities research analysts also recently issued reports on the stock. Goldman Sachs Group set a €148.00 ($172.09) price objective on shares of Airbus and gave the stock a “buy” rating in a research report on Monday, April 1st. ABN Amro downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Zacks Investment Research raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, Citigroup set a $12.00 price objective on shares of Avaya and gave the stock a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.00.

Shares of AKZOY traded up $0.01 on Tuesday, reaching $30.99. The company’s stock had a trading volume of 15,470 shares, compared to its average volume of 60,957. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. Akzo Nobel has a twelve month low of $25.61 and a twelve month high of $33.00. The firm has a market cap of $21.20 billion, a PE ratio of 37.79, a PEG ratio of 8.62 and a beta of 0.72. The company has a fifty day moving average of $30.10.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Akzo Nobel had a return on equity of 5.10% and a net margin of 71.19%. The business had revenue of $2.48 billion during the quarter. Equities research analysts forecast that Akzo Nobel will post 1.04 EPS for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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