Zacks Investment Research Lowers Norsk Hydro ASA (NHYDY) to Sell
Zacks Investment Research lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a research note released 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. “
Other analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a sell rating to a hold rating in a research note on Monday, August 6th. ValuEngine downgraded Norsk Hydro ASA from a buy rating to a hold rating in a research report on Thursday, June 28th. Citigroup raised Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Monday, July 16th. UBS Group raised Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Monday, June 11th. Finally, JPMorgan Chase & Co. raised Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $7.50.
Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $5.21 billion for the quarter. Norsk Hydro ASA had a net margin of 6.64% and a return on equity of 9.80%. analysts anticipate that Norsk Hydro ASA will post 0.4 EPS for the current fiscal year.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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