Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to “Strong Sell” at Kepler Capital Markets

Kepler Capital Markets downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

Several other equities analysts also recently commented on NHYDY. Royal Bank Of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research note on Monday. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Zacks Research downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Danske upgraded Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Norsk Hydro ASA Stock Performance

NHYDY stock opened at $8.75 on Monday. The firm has a 50 day moving average of $8.40 and a two-hundred day moving average of $7.37. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $9.75. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.21 and a beta of 1.15. 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 (OTCMKTS:NHYDY) last released its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.82 billion. As a group, equities 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.