The Goldman Sachs Group Upgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to “Strong-Buy”

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by research analysts at The Goldman Sachs Group from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. BNP Paribas Exane upgraded Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Zacks Research lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of NHYDY opened at $10.61 on Thursday. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $10.95. The stock’s 50-day moving average is $9.38 and its two-hundred day moving average is $8.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market cap of $20.99 billion, a PE ratio of 34.23, a P/E/G ratio of 1.68 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating 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 return on equity of 9.44% and a net margin of 3.06%. Equities analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share 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.