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

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, Briefing.com reports.

Akzo Nobel Price Performance

Shares of AKZOY stock opened at $20.34 on Monday. The stock’s fifty day simple moving average is $22.37 and its 200 day simple moving average is $24.13. Akzo Nobel has a one year low of $20.13 and a one year high of $29.03. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 0.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77.

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

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.