Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Rating of “Hold” by Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 16th. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research note on Monday, February 16th. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Finally, Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd.

Norsk Hydro ASA Trading Up 2.5%

Shares of NHYDY stock opened at $9.44 on Friday. Norsk Hydro ASA has a fifty-two week low of $4.50 and a fifty-two week high of $9.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91. The stock has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $7.62. The company has a market cap of $18.68 billion, a P/E ratio of 30.45, a PEG ratio of 1.71 and a beta of 1.11.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%. Research analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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.