Akzo Nobel (OTCMKTS:AKZOY – Get Rating) was the recipient of a giant improve in brief curiosity through the month of December. As of December fifteenth, there was brief curiosity totalling 34,900 shares, a rise of 47.3% from the November thirtieth whole of 23,700 shares. Based mostly on a median buying and selling quantity of 253,500 shares, the days-to-cover ratio is at present 0.1 days.
Akzo Nobel Inventory Up 1.3 %
AKZOY opened at $22.55 on Friday. The corporate has a present ratio of 1.16, a fast ratio of 0.79 and a debt-to-equity ratio of 0.63. The inventory has a market cap of $12.30 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The inventory’s fifty day easy shifting common is $22.64 and its 200 day easy shifting common is $21.88. Akzo Nobel has a 1-year low of $17.85 and a 1-year excessive of $37.32.
Akzo Nobel (OTCMKTS:AKZOY – Get Rating) final posted its quarterly earnings information on Thursday, October twentieth. The fundamental supplies firm reported $0.19 earnings per share for the quarter. The agency had income of $2.88 billion for the quarter. Akzo Nobel had a return on fairness of 9.65% and a web margin of 5.08%. As a bunch, analysis analysts anticipate that Akzo Nobel will put up 0.99 earnings per share for the present yr.
Akzo Nobel Cuts Dividend
The corporate additionally not too long ago disclosed a dividend, which was paid on Thursday, November tenth. Shareholders of report on Thursday, November third got a dividend of $0.1029 per share. This represents a yield of two.55%. The ex-dividend date was Wednesday, November 2nd. Akzo Nobel’s payout ratio is eighteen.69%.
Wall Road Analyst Weigh In
AKZOY has been the topic of numerous latest analysis stories. Kepler Capital Markets raised Akzo Nobel from a “cut back” score to a “maintain” score and set a €58.00 ($61.70) value goal for the corporate in a analysis report on Thursday, October thirteenth. Redburn Companions upgraded Akzo Nobel from a “impartial” score to a “purchase” score in a analysis word on Tuesday, September sixth. JPMorgan Chase & Co. reduce Akzo Nobel from a “impartial” score to an “underweight” score in a analysis word on Monday, October twenty fourth. Credit score Suisse Group upped their value goal on Akzo Nobel from €76.00 ($80.85) to €80.00 ($85.11) and gave the inventory an “outperform” score in a analysis word on Wednesday, November sixteenth. Lastly, Citigroup dropped their value goal on Akzo Nobel to €73.00 ($77.66) in a analysis word on Wednesday, October twenty sixth. One analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and 7 have given a purchase score to the corporate’s inventory. Based mostly on information from MarketBeat, the inventory at present has a consensus score of “Average Purchase” and a median value goal of $81.82.
About Akzo Nobel
Akzo Nobel N.V. engages within the manufacturing and sale of paints and coatings worldwide. It presents ornamental paints, together with paints, lacquers, and varnishes; and a spread of blending machines and coloration ideas for the constructing and renovation business, in addition to specialty coatings for steel, wooden, and different constructing supplies.
This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to firstname.lastname@example.org.
Earlier than you take into account Akzo Nobel, you may wish to hear this.
MarketBeat retains observe of Wall Road’s top-rated and finest performing analysis analysts and the shares they suggest to their shoppers each day. MarketBeat has recognized the five stocks that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Akzo Nobel wasn’t on the listing.
Whereas Akzo Nobel at present has a “Average Purchase” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.