Akzo Nobel NV (AKZOY) Receives $34.00 Average Target Price from Analysts

Akzo Nobel NV (OTCMKTS:AKZOY) has been given an average rating of “Hold” by the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.00.

AKZOY has been the subject of several recent research reports. Zacks Investment Research downgraded Akzo Nobel NV from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Jefferies Group LLC initiated coverage on Akzo Nobel NV in a research note on Friday, May 26th. They issued a “hold” rating for the company. Finally, ValuEngine raised Akzo Nobel NV from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.

Akzo Nobel NV (OTCMKTS:AKZOY) traded up 0.26% during midday trading on Friday, reaching $31.18. 43,238 shares of the company’s stock traded hands. The company has a market cap of $23.51 billion, a P/E ratio of 21.12 and a beta of 1.11. Akzo Nobel NV has a 52-week low of $20.21 and a 52-week high of $31.64. The stock has a 50-day moving average of $30.36 and a 200 day moving average of $28.54.

Akzo Nobel NV (OTCMKTS:AKZOY) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The firm had revenue of $4.16 billion during the quarter. Akzo Nobel NV had a return on equity of 15.36% and a net margin of 6.63%. On average, analysts anticipate that Akzo Nobel NV will post $1.42 earnings per share for the current fiscal year.

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About Akzo Nobel NV

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Analyst Recommendations for Akzo Nobel NV (OTCMKTS:AKZOY)

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