Akzo Nobel (OTCMKTS:AKZOY) Stock Rating Lowered by Citigroup

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

A number of other brokerages also recently issued reports on AKZOY. Goldman Sachs Group set a €148.00 ($172.09) price target on Airbus and gave the stock a buy rating in a research report on Monday, April 1st. Zacks Investment Research upgraded Hanmi Financial from a sell rating to a hold rating in a research report on Thursday, June 20th. Finally, ABN Amro downgraded Akzo Nobel from a buy rating to a hold rating in a research report on Monday, April 8th. Two equities 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 company. Akzo Nobel has an average rating of Hold and a consensus target price of $32.00.

OTCMKTS AKZOY opened at $31.01 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The company has a market cap of $21.19 billion, a P/E ratio of 37.82, a P/E/G ratio of 8.59 and a beta of 0.72. Akzo Nobel has a one year low of $25.61 and a one year high of $33.00. The firm’s 50 day moving average price is $30.15.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $2.48 billion for the quarter. Akzo Nobel had a net margin of 71.19% and a return on equity of 5.10%. On average, equities analysts expect 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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Analyst Recommendations for Akzo Nobel (OTCMKTS:AKZOY)

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