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. “
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Akzo Nobel from a neutral rating to an overweight rating in a research note on Thursday, December 12th. Morgan Stanley raised shares of Akzo Nobel from an equal weight rating to an overweight rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $38.00.
Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The firm had revenue of $2.67 billion during the quarter. Akzo Nobel had a net margin of 70.34% and a return on equity of 6.18%. As a group, analysts forecast that Akzo Nobel will post 1.2 EPS for the current fiscal year.
About Akzo Nobel
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.
Further Reading: Hedge Funds Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.