Akzo Nobel (OTCMKTS:AKZOY – Get Rating) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Friday, The Fly reports. Jefferies Financial Group also issued estimates for Akzo Nobel’s FY2022 earnings at $1.34 EPS and FY2023 earnings at $1.54 EPS.
AKZOY has been the subject of a number of other reports. UBS Group upgraded Akzo Nobel from a “neutral” rating to a “buy” rating in a research report on Monday, May 16th. Berenberg Bank dropped their price target on Akzo Nobel from €112.00 ($113.13) to €110.00 ($111.11) and set a “buy” rating for the company in a research report on Friday, May 20th. Oddo Bhf cut Akzo Nobel from an “outperform” rating to a “neutral” rating and set a €74.00 ($74.75) price target for the company. in a research report on Friday, June 24th. Barclays dropped their price target on Akzo Nobel from €114.00 ($115.15) to €99.00 ($100.00) and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. dropped their price target on Akzo Nobel from €105.00 ($106.06) to €88.00 ($88.89) and set a “neutral” rating for the company in a research report on Wednesday, June 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Akzo Nobel has a consensus rating of “Moderate Buy” and an average price target of $91.14.
Akzo Nobel Stock Up 3.2 %
Akzo Nobel stock opened at $22.42 on Friday. The stock has a market capitalization of $12.22 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. Akzo Nobel has a 12 month low of $20.64 and a 12 month high of $42.52. The business has a 50 day simple moving average of $24.89 and a 200-day simple moving average of $29.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.96.
Akzo Nobel (OTCMKTS:AKZOY – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The basic materials company reported $0.32 EPS for the quarter. The business had revenue of $2.83 billion during the quarter. Akzo Nobel had a return on equity of 10.40% and a net margin of 6.05%. On average, analysts anticipate 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.
Read More
Receive News & Ratings for Akzo Nobel Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Akzo Nobel and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
