Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th. The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Finally, Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Norsk Hydro ASA Trading Down 4.2%

Shares of Norsk Hydro ASA stock opened at $11.20 on Tuesday. The firm’s 50-day moving average price is $9.69 and its two-hundred day moving average price is $8.29. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.85 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 12-month low of $4.95 and a 12-month high of $11.71.

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