Akzo Nobel (OTCMKTS:AKZOY – Get Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 113,400 shares, a decline of 44.4% from the April 30th total of 204,000 shares. Based on an average daily volume of 481,000 shares, the short-interest ratio is presently 0.2 days.
AKZOY has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Akzo Nobel from €113.00 ($120.21) to €114.00 ($121.28) in a research note on Friday, April 22nd. Berenberg Bank decreased their price objective on shares of Akzo Nobel from €112.00 ($119.15) to €110.00 ($117.02) and set a “buy” rating for the company in a research note on Friday, May 20th. Morgan Stanley decreased their price objective on shares of Akzo Nobel from €120.00 ($127.66) to €112.00 ($119.15) and set an “overweight” rating for the company in a research note on Monday, March 28th. Zacks Investment Research downgraded shares of Akzo Nobel from a “hold” rating to a “sell” rating in a research note on Monday, April 4th. Finally, UBS Group upgraded shares of Akzo Nobel from a “neutral” rating to a “buy” rating in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.40.
Shares of AKZOY opened at $29.56 on Friday. Akzo Nobel has a fifty-two week low of $25.45 and a fifty-two week high of $44.14. The company has a market capitalization of $16.10 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The firm has a 50-day simple moving average of $28.63 and a 200-day simple moving average of $32.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 1.30.
Akzo Nobel Company Profile (Get Rating)
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood, and other building materials.
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