Akzo Nobel (OTCMKTS:AKZOY – Get Rating) had its target price reduced by Morgan Stanley from €104.00 ($105.05) to €100.00 ($101.01) in a research report issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock.
A number of other brokerages have also recently weighed in on AKZOY. UBS Group raised Akzo Nobel from a “neutral” rating to a “buy” rating in a report on Monday, May 16th. JPMorgan Chase & Co. reduced their price target on Akzo Nobel from €105.00 ($106.06) to €88.00 ($88.89) and set a “neutral” rating on the stock in a research report on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Akzo Nobel from €97.00 ($97.98) to €90.00 ($90.91) and set a “hold” rating on the stock in a research report on Wednesday, June 15th. Jefferies Financial Group upgraded Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Berenberg Bank reduced their price target on Akzo Nobel from €112.00 ($113.13) to €110.00 ($111.11) and set a “buy” rating on the stock in a research report on Friday, May 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Akzo Nobel has a consensus rating of “Moderate Buy” and an average price target of $91.14.
Akzo Nobel Stock Performance
OTCMKTS:AKZOY opened at $22.42 on Friday. The stock has a market cap of $12.22 billion, a P/E ratio of 17.79, a PEG ratio of 2.40 and a beta of 1.11. The company has a quick ratio of 0.96, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Akzo Nobel has a twelve month low of $20.64 and a twelve month high of $42.52. The business’s 50-day moving average price is $24.89 and its two-hundred day moving average price is $29.00.
Akzo Nobel (OTCMKTS:AKZOY – Get Rating) last announced its quarterly earnings data on Thursday, April 21st. The basic materials company reported $0.32 earnings per share for the quarter. The company had revenue of $2.83 billion for the quarter. Akzo Nobel had a return on equity of 10.40% and a net margin of 6.05%. As a group, equities analysts predict that Akzo Nobel will post 1.41 EPS for the current fiscal year.
Akzo Nobel Company Profile
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood, and other building materials.
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Source: defenseworld.net
