Wall Street Zen Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

NHYDY has been the topic of several other reports. BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Kepler Capital Markets cut Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday. Finally, The Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research note on Monday, February 16th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Norsk Hydro ASA presently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

Shares of NHYDY opened at $9.27 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $9.75. The stock has a market capitalization of $18.34 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.28 and a beta of 1.15. The company has a 50 day moving average of $8.62 and a 200-day moving average of $7.51.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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.