Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by Royal Bank Of Canada

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Monday, February 16th. Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, BNP Paribas Exane upgraded shares of Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 2.1%

OTCMKTS:NHYDY opened at $8.88 on Friday. The stock’s fifty day moving average price is $9.08 and its two-hundred day moving average price is $7.83. The company has a market cap of $17.57 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.40 and a beta of 1.11. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating 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 firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. As a group, analysts expect that Norsk Hydro ASA will post 0.72 EPS 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.