Akzo Nobel (OTCMKTS:AKZOY) Downgraded by Citigroup

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

Several other analysts also recently issued reports on the company. Zacks Investment Research raised 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) price target on Airbus and gave the company a buy rating in a research note on Monday, April 1st. Finally, ABN Amro cut Akzo Nobel from a buy rating to a hold rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $32.00.

Shares of AKZOY traded up $0.01 during midday trading on Monday, hitting $30.99. The stock had a trading volume of 15,470 shares, compared to its average volume of 60,957. The firm has a 50 day moving average of $30.10. Akzo Nobel has a twelve month low of $25.61 and a twelve month high of $33.00. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 8.62 and a beta of 0.72. The company has a current ratio of 2.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.23.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.48 billion during the quarter. On average, sell-side analysts predict that Akzo Nobel will post 1.04 earnings per share 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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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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