Norsk Hydro ASA (OTCMKTS:NHYDY) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a research note released on Thursday morning.

A number of other equities analysts also recently commented on the stock. Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Tuesday. 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 downgraded shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Norsk Hydro ASA currently has an average rating of “Hold”.

Norsk Hydro ASA Stock Up 0.7%

Shares of OTCMKTS:NHYDY opened at $11.56 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $8.33. The firm has a market cap of $22.87 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. 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 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 business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.82 billion. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. On average, equities research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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.