Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a strong sell rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

NHYDY has been the subject of several other reports. Kepler Capital Markets lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. BNP Paribas Exane raised Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Royal Bank Of Canada upgraded Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Norsk Hydro ASA stock opened at $10.61 on Thursday. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $10.95. The firm’s 50-day moving average is $9.38 and its 200-day moving average is $8.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market cap of $20.99 billion, a P/E ratio of 34.23, a PEG ratio of 1.68 and a beta of 0.98.

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