Akzo Nobel (OTCMKTS:AKZOY) – Analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Akzo Nobel in a research note issued on Monday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander now expects that the basic materials company will post earnings of $1.11 per share for the year, up from their prior forecast of $1.10.
Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Akzo Nobel has an average rating of “Hold” and an average target price of $33.00.
Shares of Akzo Nobel stock traded down $0.96 during trading hours on Tuesday, hitting $31.82. 2,695 shares of the company’s stock were exchanged, compared to its average volume of 58,789. The firm has a market cap of $24,743.38, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.00 and a beta of 1.09. Akzo Nobel has a 52 week low of $27.16 and a 52 week high of $33.39. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.39.
Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Thursday, March 8th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Akzo Nobel had a net margin of 6.19% and a return on equity of 16.15%. The firm had revenue of $2.69 billion during the quarter. TRADEMARK VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/22/fy2018-eps-estimates-for-akzo-nobel-raised-by-jefferies-group-akzoy.html.
Akzo Nobel Company Profile
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, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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