Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts recently weighed in on NHYDY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Pareto Securities downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research report on Friday, September 26th. Barclays lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, December 16th.

Norsk Hydro ASA Stock Down 0.2%

Shares of Norsk Hydro ASA stock opened at $8.37 on Friday. 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 has a 12 month low of $4.50 and a 12 month high of $8.44. The business has a fifty day simple moving average of $7.58 and a 200 day simple moving average of $6.89. The stock has a market cap of $16.56 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.25 and a beta of 1.15.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $47.19 billion. Research analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current 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.