Marine Harvest ASA (OTCMKTS:MHGVY) Raised to Strong-Buy at Pareto Securities

Marine Harvest ASA (OTCMKTS:MHGVY) was upgraded by investment analysts at Pareto Securities from a “hold” rating to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

Separately, Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Stock Up 2.6%

Marine Harvest ASA stock opened at $21.69 on Friday. The company has a 50-day simple moving average of $22.26 and a 200-day simple moving average of $22.72. The firm has a market capitalization of $11.44 billion, a P/E ratio of 11.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93. Marine Harvest ASA has a one year low of $18.27 and a one year high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 12.23%.

Marine Harvest ASA Company Profile

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.