Akzo Nobel (OTCMKTS:AKZOY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 34,600 shares, a decrease of 55.9% from the November 30th total of 78,500 shares. Based on an average daily volume of 210,200 shares, the days-to-cover ratio is presently 0.2 days.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 15th. Barclays reaffirmed an “overweight” rating on shares of Akzo Nobel in a research note on Friday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research note on Tuesday, October 5th. Finally, UBS Group reiterated a “neutral” rating on shares of Akzo Nobel in a report on Thursday, October 21st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.00.
OTCMKTS:AKZOY opened at $37.17 on Wednesday. Akzo Nobel has a 12-month low of $33.46 and a 12-month high of $44.14. The firm has a market capitalization of $20.92 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.81. The business has a 50 day simple moving average of $37.14 and a 200 day simple moving average of $38.82.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 20th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Akzo Nobel had a return on equity of 14.06% and a net margin of 8.63%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.04 billion. Research analysts anticipate that Akzo Nobel will post 1.6 EPS for the current fiscal year.
The firm also recently announced a dividend, which was paid on Friday, November 12th. Shareholders of record on Monday, November 1st were paid a dividend of $0.7818 per share. This represents a yield of 2.12%. The ex-dividend date of this dividend was Friday, October 29th. Akzo Nobel’s payout ratio is currently 14.53%.
About Akzo Nobel
Akzo Nobel NV is a holding company that engages in the manufacture and sale of coating and paint products. It operates through the following segments: Decorative Paints and Performance Coatings. The Decorative Paints segment manufactures and supplies a range of interior and exterior decoration and protection products for professional and do-it-yourself markets.