Akzo Nobel (OTCMKTS:AKZOY) Hits New 12-Month High at $34.77

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) reached a new 52-week high on Thursday . The company traded as high as $34.77 and last traded at $34.55, with a volume of 18623 shares changing hands. The stock had previously closed at $33.82.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Akzo Nobel in a research note on Monday, September 14th. ING Group upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Deutsche Bank restated a “buy” rating on shares of Akzo Nobel in a research report on Friday, June 12th. Berenberg Bank reaffirmed a “buy” rating on shares of Akzo Nobel in a report on Friday, July 24th. Finally, UBS Group reissued a “buy” rating on shares of Akzo Nobel in a research note on Wednesday, July 8th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Akzo Nobel has a consensus rating of “Buy” and a consensus price target of $36.00.

The firm has a market capitalization of $19.63 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. The stock has a 50-day simple moving average of $33.07 and a two-hundred day simple moving average of $28.41. The company has a current ratio of 1.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Akzo Nobel had a return on equity of 9.64% and a net margin of 5.60%. The firm had revenue of $2.19 billion for the quarter. As a group, research analysts expect that Akzo Nobel NV will post 1.41 EPS for the current year.

Akzo Nobel Company Profile (OTCMKTS:AKZOY)

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.

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