Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a report released on Friday.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group cut shares of Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Monday, February 16th. BNP Paribas Exane upgraded shares of Norsk Hydro ASA to an “outperform” rating in a research note on Friday, December 5th. Royal Bank Of Canada cut shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Monday, February 16th. Zacks Research lowered Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Kepler Capital Markets cut Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Norsk Hydro ASA has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Up 1.0%

OTCMKTS:NHYDY opened at $9.27 on Friday. The company has a market cap of $18.34 billion, a PE ratio of 29.90, a P/E/G ratio of 1.28 and a beta of 1.11. The business’s 50 day moving average is $8.62 and its two-hundred day moving average is $7.52. 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 52 week low of $4.50 and a 52 week high of $9.75.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. On average, analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.

About Norsk Hydro ASA

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.