Akzo Nobel N.V.

Akzo Nobel N.V. is a holding company. Through its subsidiaries, Co. is engaged in the production and marketing of paints, coatings and specialty chemicals. Co. has three segments: Decorative Paints, which supplies products for the professional and do-it-yourself markets, including paints, lacquers and varnishes, as well as products for surface preparation; Performance Coatings, which is divided into the following businesses: Automotive and Aerospace Coatings, Industrial Coatings, Marine and Protective Coatings, and Powder Coatings; and Specialty Chemicals, which are used in products such as ice cream, soups, disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt.
  • TickerAKZA
  • ISINNL0000009132
  • ExchangeEuronext Amsterdam
  • SectorChemicals
  • CountryNetherlands

Analysts

1 director sold

A director at Akzo Nobel Nv sold 7,212 shares at 79.230EUR and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Louis AZAIS

Short term view - AKZO NOBEL : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €86.20. Breaking below the support at €78.80 would invalidate the trend.

Louis AZAIS

Analyse court terme - AKZO NOBEL : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 86,20 €. La rupture du support à 78,80 € invaliderait cette tendance.

Louis AZAIS

Analyse moyen terme - AKZO NOBEL : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 85,35 € et 93,15 €. La tendance serait invalidée sous le support à 72,20 €.

Louis AZAIS

Medium term view - AKZO NOBEL : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €85.35 and €93.15. The trend would be invalidated below the support at €72.20.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Marina Le Blanc
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/AkzoNobel narrows shortlist for Specialty Chemicals unit

AkzoNobel (AKZANA) has narrowed the shortlist of bidders for its Specialty Chemicals division to 4. The list now includes the team of Apollo together with Lanxess, Carlyle, the combination of Advent and Bain Capital and another private equity firm. KKR, together with CVC, left the bidding process. AkzoNobel has not made a final decision to spin-off or to sell the division, according to Bloomberg citing persons with knowledge of the situation. Spread neutral for AkzoNobel.

Akzo Nobel N.V. - March 2017 (LTM): Peer Snapshot

Peer Snapshot:  Akzo Nobel N.V. - March 2017 (LTM) 18 May 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-14 FYE Dec-15 LTM Dec-16

Akzo Nobel N.V.: PPG's third offer heightens credit risk relative to break-up plan

CORPORATES ISSUER COMMENT 26 April 2017 Contacts Francois Lauras 44-20-7772-5397 VP-Sr Credit Officer francois.lauras@moodys.com Anke N. Richter, CFA 44-20-7772-1433 Associate Managing Director anke.richter@moodys.com Akzo Nobel N.V. PPG's third offer heightens credit risk relative to break-up plan Akzo Nobel (Baa1 stable) has yet to respond to PPG Industries, Inc.’s (A3 negative) revised off

Akzo Nobel N.V. - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Akzo Nobel N.V. - December 2016 (LTM) 22 March 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Akzo Nobel N.V.: Akzo Nobel announces strategic review of Specialty Chemicals business

CORPORATES ISSUER COMMENT 13 March 2017 Contacts Francois Lauras 44-20-7772-5397 VP-Sr Credit Officer francois.lauras@moodys.com Anke N. Richter, CFA 44-20-7772-1433 Associate Managing Director anke.richter@moodys.com Akzo Nobel N.V. Akzo Nobel announces strategic review of Specialty Chemicals business Akzo Nobel N.V. (Baa1 stable) announced that it has rejected an unsolicited indicative €20.9 bil

Rob Hales

Morningstar | AkzoNobel's 2020 targets are too ambitious.

With the specialty chemicals division now sold, AkzoNobel is a pure-play paints and coatings company. The company endured challenging market conditions following the financial crisis as a result of its high exposure to construction- and housing-related markets in Europe. However, economic conditions are now improving and AkzoNobel has had success increasing margins through cost-cutting, although some of the credit goes to a raw material tailwind over 2015-16 with the collapse in the oil price. The company's margins remain well below those of leading U.S.-based peers PPG and Sherwin-Williams. A...

Rob Hales

AkzoNobel's 2020 targets are too ambitious.

Raw material and currency headwinds continued for no-moat AkzoNobel in the second quarter, as expected. We expect raw material headwinds to abate and cost savings to accelerate in the second half of 2018. Accordingly, we don’t expect to make a material change to our EUR 82 fair value estimate, leaving the stock in fairly valued territory.  Adjusted operating income of EUR 225 million was down 23% over 2017 and missed consensus by around 7%. Still, the stock was up roughly 3% at time of writing, ...

Rob Hales

Morningstar | Akzo Reports Weak 2Q as Expected; We Still See Improvement Coming in Second Half

Raw material and currency headwinds continued for no-moat AkzoNobel in the second quarter, as expected. We expect raw material headwinds to abate and cost savings to accelerate in the second half of 2018. Accordingly, we don’t expect to make a material change to our EUR 82 fair value estimate, leaving the stock in fairly valued territory. Adjusted operating income of EUR 225 million was down 23% over 2017 and missed consensus by around 7%. Still, the stock was up roughly 3% at time of writing, good enough to lead the group on the day. We share the market’s modestly positive reaction, as the r...

Rob Hales

Akzo Reports Weak 2Q as Expected; We Still See Improvement Coming in Second Half

Raw material and currency headwinds continued for no-moat AkzoNobel in the second quarter, as expected. We expect raw material headwinds to abate and cost savings to accelerate in the second half of 2018. Accordingly, we don’t expect to make a material change to our EUR 82 fair value estimate, leaving the stock in fairly valued territory.  Adjusted operating income of EUR 225 million was down 23% over 2017 and missed consensus by around 7%. Still, the stock was up roughly 3% at time of writing, ...

Alan Vandenberghe ...
  • Alexander Makar
  • Guy Sips
  • Jan Opdecam
  • Ruben Devos
  • Wim Hoste

KBC Securities Morning Note 18-7-2018 ABI BB, AKZA NA, BAR BB, BEFB BB, EVS BB, GREEN BB, KPN NA

AB InBev: Preview 2Q results Akzo Nobel: 2Q Adjusted EBIT -23% but big impact from one-offs Barco: 1H18 results preview Befimmo: HY18 update preview EVS: Departure of CEO Muriel De Lathouwer Greenyard: Revising investment case KPN: Trading update Tele2 NL

1 director sold

A director at Akzo Nobel Nv sold 7,212 shares at 79.230EUR and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 30/11/2017

Akzo Nobel previously rejected a USD 29 billion take-over bid made by market leader PPG Industries earlier this year, thereby frustrating some of its shareholders. Activist investor Elliott led an aggressive campaign to force AkzoNobel to accept the take-over bid but was thwarted by a combination of resistance from managers, local institutional investors and even politicians who feared that a merger would result in thousands of Dutch jobs being lost.Since rejecting the last take-over bid by PPG Industries, AkzoNobel more recently announced it was in “constructive talks” to buy Philadelphia-bas...

Louis AZAIS

Short term view - AKZO NOBEL : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €86.20. Breaking below the support at €78.80 would invalidate the trend.

Louis AZAIS

Analyse court terme - AKZO NOBEL : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 86,20 €. La rupture du support à 78,80 € invaliderait cette tendance.

Louis AZAIS

Analyse moyen terme - AKZO NOBEL : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 85,35 € et 93,15 €. La tendance serait invalidée sous le support à 72,20 €.

Louis AZAIS

Medium term view - AKZO NOBEL : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €85.35 and €93.15. The trend would be invalidated below the support at €72.20.

Valérie GASTALDY

Analyse moyen terme - AKZO NOBEL : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 79,72 € et 85,35 €. La tendance serait invalidée sous le support à 69,56 €.

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