Akzo Nobel (OTCMKTS:AKZOY) Downgraded by Zacks Investment Research to “Sell”
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. “
A number of other equities research analysts have also issued reports on the stock. ABN Amro lowered shares of Akzo Nobel from a buy rating to a hold rating in a report on Monday, April 8th. Macquarie reissued a neutral rating on shares of Glencore in a report on Tuesday. Goldman Sachs Group set a €148.00 ($172.09) price target on shares of Airbus and gave the stock a buy rating in a report on Monday, April 1st. Finally, Citigroup set a $12.00 price target on shares of Avaya and gave the stock a hold rating in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $32.00.
Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $2.48 billion during the quarter. Akzo Nobel had a return on equity of 5.10% and a net margin of 71.19%. On average, equities research analysts predict that Akzo Nobel will post 1.03 EPS for the current fiscal year.
Akzo Nobel Company Profile
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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