Norsk Hydro ASA (NHYDY) Stock Rating Upgraded by Zacks Investment Research
Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $8.25 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.29% from the stock’s previous close.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
A number of other brokerages also recently issued reports on NHYDY. ValuEngine upgraded Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 26th. Finally, BNP Paribas upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $8.25.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) opened at 7.533 on Wednesday. Norsk Hydro ASA has a one year low of $4.10 and a one year high of $7.47. The firm’s 50-day moving average price is $6.84 and its 200 day moving average price is $6.04. The company has a market capitalization of $15.40 billion, a PE ratio of 22.221 and a beta of 0.91.
Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.89 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.57% and a net margin of 6.16%. Analysts anticipate that Norsk Hydro ASA will post $0.51 earnings per share for the current year.
About Norsk Hydro ASA
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