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

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

Akzo Nobel Trading Down 0.9 %

OTCMKTS:AKZOY opened at $20.15 on Monday. The company has a market cap of $10.32 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.30. Akzo Nobel has a twelve month low of $20.05 and a twelve month high of $29.03. The business has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $24.13. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70.

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