Norsk Hydro ASA (NHYDY) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a report issued on Tuesday morning.
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. “
Several other brokerages have also issued reports on NHYDY. ValuEngine upgraded shares of Norsk Hydro ASA from a hold rating to a buy rating in a research report on Friday, June 2nd. Credit Suisse Group upgraded shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, July 26th. Finally, BNP Paribas upgraded shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $8.25.
Shares of Norsk Hydro ASA (NHYDY) opened at 7.39 on Tuesday. Norsk Hydro ASA has a 12 month low of $4.10 and a 12 month high of $7.47. The stock’s 50 day moving average is $6.84 and its 200 day moving average is $6.04. The stock has a market capitalization of $15.11 billion, a PE ratio of 21.80 and a beta of 0.91.
Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Norsk Hydro ASA had a net margin of 6.16% and a return on equity of 6.57%. The business had revenue of $2.89 billion for the quarter. Analysts anticipate that Norsk Hydro ASA will post $0.51 earnings per share for the current fiscal year.
Norsk Hydro ASA Company Profile
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