Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded at Zacks Research

Zacks Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

NHYDY has been the subject of several other reports. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, December 16th. BNP Paribas Exane raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Friday, December 5th. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock opened at $7.96 on Thursday. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $8.00. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $7.29 and a 200 day moving average of $6.71. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.24 and a beta of 1.15.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $47.19 billion. As a group, research analysts expect that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.