Akzo Nobel (OTCMKTS:AKZOY) Lifted to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a sell rating to a neutral rating in a research note released on Thursday morning, MarketBeat reports.

Akzo Nobel Trading Down 0.9 %

Shares of OTCMKTS:AKZOY opened at $21.90 on Thursday. Akzo Nobel has a 12-month low of $21.47 and a 12-month high of $29.03. The business has a 50 day moving average of $24.07 and a 200-day moving average of $24.70. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $11.22 billion, a PE ratio of 23.30, a P/E/G ratio of 0.74 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. The business had revenue of $2.88 billion during the quarter. As a group, equities research analysts forecast that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.4498 dividend. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date of this dividend is Monday, April 29th. Akzo Nobel’s payout ratio is 24.47%.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. 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.