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

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company.

Several analysts have recently issued reports on NHYDY shares. Zacks Research raised Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Danske cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Morgan Stanley reissued an “equal weight” rating on shares of Norsk Hydro ASA in a research report on Thursday, April 16th. UBS Group cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock opened at $10.44 on Tuesday. The stock’s fifty day simple moving average is $11.60 and its 200-day simple moving average is $9.77. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 1-year low of $5.42 and a 1-year high of $13.02. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 0.69 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. On average, sell-side analysts predict that Norsk Hydro ASA will post 1.19 earnings per share for the current fiscal 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.