AkzoNobel stock: Bernstein keeps EUR 62.00 target at Market-Perform

Published on 10/21/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter margin rose to 15.30 percent from 15.10 percent. AkzoNobel stock costs EUR 60.58 on October 21, 2026, 10.44 percent below EUR 67.64 high.

Analyst target and quarterly margin

Bernstein kept its EUR 62.00 target and Market-Perform rating on October 20, 2026.
AkzoNobel's third-quarter adjusted EBITDA margin increased to 15.30 percent from 15.10 percent.
AkzoNobel stock costs EUR 60.58 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST, 10.44 percent below the 52-week high of EUR 67.64.
The price-to-earnings ratio was 16.38 and the dividend yield was 3.00 percent as of October 21, 2026.

Makrofoto wirbelnder blauer und weißer Farbe als Sinnbild für Akzo Nobel N.V — Makroaufnahme wirbelnder Farbtöne illustriert Kernprodukt der Chemiefirma Akzo Nobel N.V. mit ISIN NL0013267909 eindrucksvoll, Illustration mit AI erstellt.

Bernstein maintained its Market-Perform rating and EUR 62.00 price target for AkzoNobel on October 20, 2026, according to Markets Insider. AkzoNobel was trading at EUR 60.58 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST.

Quarterly margin reaches 15.30 percent

The third-quarter operating picture improved on an adjusted basis. AkzoNobel reported adjusted EBITDA of EUR 388.00 million for the third quarter of 2026, up from EUR 385.00 million in the third quarter of 2025. The adjusted EBITDA margin increased to 15.30 percent from 15.10 percent, while revenue was EUR 2.538 billion versus EUR 2.547 billion.

The mix explains why the margin matters more than the headline revenue figure. Organic sales grew 2.00 percent in the third quarter of 2026, supported by 5.00 percent pricing, while volumes declined 2.00 percent. Reported operating income was negative EUR 73.00 million, compared with negative EUR 29.00 million a year earlier, reflecting a EUR 230.00 million Russia deconsolidation charge and a EUR 46.00 million Pakistan divestment impact.

Stock sits 10.44 percent below its high

The October 21, 2026 quote timestamped 5:02 p.m. CEST placed the Euronext Amsterdam share between its EUR 46.18 52-week low and EUR 67.64 52-week high. At EUR 60.58, the stock was 10.44 percent below the high. Market capitalization stood at EUR 10.4 billion, and volume was 584,556 shares.

Valuation and merger timing

AkzoNobel traded at a price-to-earnings ratio of 16.38 and carried a 3.00 percent dividend yield as of October 21, 2026. The company said in its October 21, 2026 release that the Axalta merger remained on track, with closing expected in early 2027, subject to regulatory approvals. Its full-year 2026 adjusted EBITDA outlook was EUR 1.47 billion.

What matters for the valuation?

Bernstein's EUR 62.00 target is 2.34 percent above the Lang & Schwarz price of EUR 60.58, using the October 21, 2026 quote. That modest gap leaves the market focused on whether pricing can continue to offset weaker volumes and portfolio-related costs. The sixth consecutive quarter of margin expansion provides the clearest operating counterweight to the reported loss.

Price and investor perspective

The share's 10.44 percent distance from its 52-week high leaves room for a further rerating only if the margin trend and merger execution remain credible. The next clear corporate milestone is the expected early 2027 closing of the Axalta merger, while regulatory approvals remain a condition.

AkzoNobel was trading at EUR 60.58 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST, 10.44 percent below the 52-week high of EUR 67.64. The further course of trading is shown by the continuously updated real-time quote of AkzoNobel stock.