Citigroup cut shares of Akzo Nobel (OTCMKTS:AKZOY) from a neutral rating to a sell rating in a research report report published on Monday, The Fly reports.

AKZOY has been the topic of several other research reports. Zacks Investment Research upgraded Hanmi Financial from a sell rating to a hold rating in a research note on Thursday, June 20th. Goldman Sachs Group set a €148.00 ($172.09) target price on Airbus and gave the company a buy rating in a research note on Monday, April 1st. Finally, ABN Amro lowered Akzo Nobel from a buy rating to a hold rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Akzo Nobel presently has a consensus rating of Hold and a consensus target price of $32.00.

AKZOY opened at $31.01 on Monday. The company has a 50-day moving average of $30.15. Akzo Nobel has a 1 year low of $25.61 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.75. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 8.59 and a beta of 0.72.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Akzo Nobel had a net margin of 71.19% and a return on equity of 5.10%. The company had revenue of $2.48 billion during the quarter. As a group, research analysts predict that Akzo Nobel will post 1.03 earnings per share for the current fiscal year.

About Akzo Nobel

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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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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