Norsk Hydro ASA (NHYDY) Cut to “Neutral” at UBS Group

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research analysts also recently issued reports on NHYDY. JPMorgan Chase & Co. downgraded Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research note on Saturday, October 28th. Deutsche Bank downgraded Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Goldman Sachs Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.25.

Norsk Hydro ASA (NHYDY) opened at $7.60 on Wednesday. The company has a market capitalization of $15,869.20, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82. Norsk Hydro ASA has a twelve month low of $5.00 and a twelve month high of $7.93. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.04.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Norsk Hydro ASA had a return on equity of 7.40% and a net margin of 7.01%. equities analysts anticipate that Norsk Hydro ASA will post 0.44 earnings per share for the current fiscal year.

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