Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research report on Wednesday, July 30th. Finally, Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 23rd.

Norsk Hydro ASA Trading Down 0.3%

OTCMKTS:NHYDY opened at $6.29 on Wednesday. The firm has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $5.78. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $6.62. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.30 and a beta of 1.50.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $51.63 billion. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%. Analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.