Akzo Nobel (OTCMKTS:AKZOY) Cut to Sell at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a neutral rating to a sell rating in a research report sent to investors on Monday, Marketbeat.com reports.

Akzo Nobel Stock Performance

AKZOY opened at $20.15 on Monday. 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 firm has a market cap of $10.32 billion, a PE ratio of 21.44, a P/E/G ratio of 0.63 and a beta of 1.30. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $24.13. Akzo Nobel has a fifty-two week low of $20.05 and a fifty-two week high of $29.03.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. The firm had revenue of $2.88 billion for the quarter. As a group, equities analysts predict that Akzo Nobel will post 1.49 EPS for the current fiscal year.

Akzo Nobel Company Profile

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.