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. “
A number of other research analysts also recently issued reports on AKZOY. Morgan Stanley raised shares of Akzo Nobel from an equal weight rating to an overweight rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of Akzo Nobel from a neutral rating to an overweight rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $38.00.
Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Akzo Nobel had a net margin of 70.34% and a return on equity of 6.18%. The firm had revenue of $2.67 billion for the quarter. On average, analysts forecast that Akzo Nobel will post 1.2 earnings per share for the current fiscal 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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