Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Hold” from Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have recently commented on NHYDY shares. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Finally, Danske lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th.

Norsk Hydro ASA Price Performance

Shares of NHYDY opened at $9.26 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The stock has a market cap of $18.32 billion, a PE ratio of 29.68, a PEG ratio of 1.47 and a beta of 1.02. Norsk Hydro ASA has a 12-month low of $5.82 and a 12-month high of $13.02. The business has a 50-day simple moving average of $10.80 and a two-hundred day simple moving average of $9.97.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.42 billion. Analysts anticipate that Norsk Hydro ASA will post 0.99 earnings per share for the current fiscal 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.