Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 1-Year Low After Analyst Downgrade

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) reached a new 52-week low during mid-day trading on Thursday after Morgan Stanley lowered their price target on the stock from 94.00 to 86.00. Morgan Stanley currently has an overweight rating on the stock. Norsk Hydro ASA traded as low as $5.95 and last traded at $6.01, with a volume of 247935 shares trading hands. The stock had previously closed at $6.09.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Norsk Hydro ASA from 84.00 to 82.00 and set a “neutral” rating on the stock in a report on Thursday, May 5th. UBS Group upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Friday, February 25th. Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Norsk Hydro ASA from 93.00 to 100.00 and gave the stock a “buy” rating in a report on Tuesday, April 5th. Finally, Barclays upped their price target on Norsk Hydro ASA from 93.00 to 120.00 and gave the stock an “overweight” rating in a report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.27 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.91. The business has a 50-day moving average of $7.95 and a 200-day moving average of $8.41.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) last announced its earnings results on Monday, May 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Norsk Hydro ASA had a return on equity of 21.52% and a net margin of 9.94%. On average, research analysts predict that Norsk Hydro ASA will post 1.27 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Friday, May 27th. Investors of record on Thursday, May 12th were given a $0.4653 dividend. The ex-dividend date of this dividend was Wednesday, May 11th. This is a boost from Norsk Hydro ASA’s previous dividend of $0.29. This represents a dividend yield of 5.82%. Norsk Hydro ASA’s dividend payout ratio is 40.86%.

Norsk Hydro ASA Company Profile (OTCMKTS:NHYDY)

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

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