Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Moderate Buy” from Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

NHYDY has been the topic of several recent research reports. Danske upgraded Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Barclays lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Finally, Zacks Research upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock opened at $8.63 on Friday. The firm has a 50 day simple moving average of $7.65 and a 200 day simple moving average of $6.95. Norsk Hydro ASA has a fifty-two week low of $4.50 and a fifty-two week high of $8.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.25. The firm has a market cap of $17.07 billion, a P/E ratio of 16.60, a P/E/G ratio of 0.25 and a beta of 1.15.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $47.19 billion. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%. Sell-side analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

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.