Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several equities analysts have commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Pareto Securities cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research report on Friday, September 26th.

Norsk Hydro ASA Stock Down 0.5%

Shares of NHYDY opened at $7.07 on Friday. The company’s 50-day simple moving average is $6.94 and its 200-day simple moving average is $6.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.92. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $7.50. The stock has a market capitalization of $13.98 billion, a PE ratio of 13.59, a P/E/G ratio of 0.31 and a beta of 1.46.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $47.19 billion. Norsk Hydro ASA had a net margin of 4.96% and a return on equity of 10.39%. Analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.