Akzo Nobel (OTCMKTS:AKZOY) Upgraded to Hold by Zacks Investment Research

Akzo Nobel (OTCMKTS:AKZOYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

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. “

Several other analysts have also recently issued reports on the stock. Barclays upped their price target on shares of Akzo Nobel from €113.00 ($121.51) to €114.00 ($122.58) in a report on Friday, April 22nd. Jefferies Financial Group raised shares of Akzo Nobel from an “underperform” rating to a “hold” rating in a report on Friday, March 18th. UBS Group raised shares of Akzo Nobel from a “neutral” rating to a “buy” rating in a report on Monday, May 16th. Berenberg Bank cut their price target on shares of Akzo Nobel from €112.00 ($120.43) to €110.00 ($118.28) and set a “buy” rating on the stock in a report on Friday, May 20th. Finally, Morgan Stanley cut their price target on shares of Akzo Nobel from €120.00 ($129.03) to €112.00 ($120.43) and set an “overweight” rating on the stock in a report on Monday, March 28th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $93.40.

Shares of OTCMKTS AKZOY remained flat at $$29.35 during trading on Wednesday. 83,843 shares of the stock were exchanged, compared to its average volume of 113,041. The business’s fifty day moving average price is $28.67 and its 200-day moving average price is $32.07. Akzo Nobel has a twelve month low of $25.45 and a twelve month high of $44.07. The company has a quick ratio of 0.96, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $15.99 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00.

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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