The Goldman Sachs Group Upgrades Akzo Nobel (OTCMKTS:AKZOY) to Neutral

The Goldman Sachs Group upgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a sell rating to a neutral rating in a report issued on Thursday morning, MarketBeat.com reports.

Akzo Nobel Trading Up 2.2 %

OTCMKTS AKZOY opened at $22.38 on Thursday. The stock’s 50-day simple moving average is $24.02 and its two-hundred day simple moving average is $24.69. Akzo Nobel has a twelve month low of $21.47 and a twelve month high of $29.03. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.70 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. The business had revenue of $2.88 billion for the quarter. Research analysts forecast that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a $0.4498 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is currently 24.47%.

Akzo Nobel Company Profile

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.