Akzo Nobel (OTCMKTS:AKZOY – Get Rating) was downgraded by equities research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.
Other equities research analysts have also issued research reports about the stock. Societe Generale dropped their price target on shares of Akzo Nobel from €100.00 ($106.38) to €84.00 ($89.36) in a research note on Wednesday, November 16th. Berenberg Bank cut their target price on Akzo Nobel from €81.00 ($86.17) to €77.00 ($81.91) and set a “buy” rating on the stock in a research note on Thursday, October 27th. Citigroup decreased their price target on Akzo Nobel to €73.00 ($77.66) in a research note on Wednesday, October 26th. JPMorgan Chase & Co. cut shares of Akzo Nobel from a “neutral” rating to an “underweight” rating in a research note on Monday, October 24th. Finally, Credit Suisse Group increased their target price on shares of Akzo Nobel from €76.00 ($80.85) to €80.00 ($85.11) and gave the company an “outperform” rating in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Akzo Nobel currently has an average rating of “Hold” and a consensus target price of $81.82.
Akzo Nobel Price Performance
Shares of OTCMKTS AKZOY opened at $23.33 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 0.79. The firm has a market capitalization of $12.72 billion, a PE ratio of 21.80, a P/E/G ratio of 5.05 and a beta of 1.11. Akzo Nobel has a 1-year low of $17.85 and a 1-year high of $37.32. The business’s fifty day moving average price is $22.86 and its two-hundred day moving average price is $21.80.
Akzo Nobel (OTCMKTS:AKZOY – Get Rating) last released its quarterly earnings results on Thursday, October 20th. The basic materials company reported $0.19 EPS for the quarter. Akzo Nobel had a net margin of 5.08% and a return on equity of 9.65%. The business had revenue of $2.88 billion during the quarter. On average, research analysts expect that Akzo Nobel will post 1 EPS for the current 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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