Akzo Nobel NV (OTCMKTS:AKZOY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 10,600 shares, a decline of 41.1% from the August 15th total of 18,000 shares. Based on an average daily volume of 29,300 shares, the short-interest ratio is presently 0.4 days.
Shares of Akzo Nobel stock traded down $0.61 on Wednesday, hitting $33.43. 26,874 shares of the company traded hands, compared to its average volume of 16,922. The company has a quick ratio of 1.22, a current ratio of 1.63 and a debt-to-equity ratio of 0.46. Akzo Nobel has a 12-month low of $16.47 and a 12-month high of $34.54. The company has a 50-day moving average price of $32.65 and a 200 day moving average price of $27.94. The company has a market cap of $19.41 billion, a PE ratio of 36.74, a PEG ratio of 1.01 and a beta of 1.10.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Akzo Nobel had a net margin of 5.60% and a return on equity of 9.64%. The business had revenue of $2.19 billion during the quarter. Equities research analysts anticipate that Akzo Nobel will post 1.41 EPS for the current year.
Several research analysts have issued reports on the company. ING Group raised Akzo Nobel from a “hold” rating to a “buy” rating in a report on Monday, June 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Akzo Nobel in a report on Monday. Zacks Investment Research cut Akzo Nobel from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Credit Suisse Group reiterated an “outperform” rating on shares of Akzo Nobel in a research report on Wednesday, July 15th. Finally, UBS Group reiterated a “buy” rating on shares of Akzo Nobel in a research report on Wednesday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.00.
About Akzo Nobel
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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