Zacks Investment Research Downgrades Akzo Nobel (AKZOY) to Hold
Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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 research analysts also recently commented on AKZOY. ValuEngine downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Goldman Sachs Group began coverage on Akzo Nobel in a report on Monday, June 4th. They set a “conviction-buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.00.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, July 18th. The basic materials company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $2.92 billion for the quarter. Akzo Nobel had a return on equity of 11.13% and a net margin of 7.79%. equities analysts anticipate that Akzo Nobel will post 0.98 earnings per share for the current year.
Akzo Nobel Company Profile
Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.
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