Akzo Nobel (OTCMKTS:AKZOY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “

Several other equities research analysts have also recently weighed in on the company. ABN Amro cut Akzo Nobel from a buy rating to a hold rating in a research note on Monday, April 8th. Citigroup set a $12.00 price objective on Avaya and gave the stock a hold rating in a research note on Monday. Macquarie reissued a neutral rating on shares of Glencore in a research note on Tuesday. Finally, Goldman Sachs Group set a €148.00 ($172.09) price objective on Airbus and gave the stock a buy rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $32.00.

OTCMKTS:AKZOY opened at $31.01 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $21.19 billion, a P/E ratio of 37.82, a P/E/G ratio of 8.59 and a beta of 0.72. Akzo Nobel has a 12 month low of $25.61 and a 12 month high of $33.00. The stock has a 50-day moving average price of $30.15.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Akzo Nobel had a return on equity of 5.10% and a net margin of 71.19%. The firm had revenue of $2.48 billion during the quarter. Equities research analysts predict that Akzo Nobel will post 1.03 earnings per share for the current year.

Akzo Nobel Company Profile

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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