Norsk Hydro ASA (NHYDY) Upgraded at Zacks Investment Research
Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $8.25 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.64% from the company’s previous close.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
NHYDY has been the subject of several other reports. ValuEngine raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BNP Paribas raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Finally, Credit Suisse Group raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $8.25.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) opened at 7.26 on Friday. Norsk Hydro ASA has a one year low of $3.87 and a one year high of $7.42. The firm has a 50-day moving average price of $6.67 and a 200 day moving average price of $5.95. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 21.93 and a beta of 0.91.
Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $2.89 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.57% and a net margin of 6.16%. Equities analysts forecast that Norsk Hydro ASA will post $0.51 earnings per share for the current fiscal year.
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About Norsk Hydro ASA
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