Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. UBS Group cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada raised Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Norsk Hydro ASA currently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS NHYDY opened at $12.23 on Thursday. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 39.18, a P/E/G ratio of 0.82 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 1-year low of $5.37 and a 1-year high of $12.53. The stock’s 50-day moving average is $11.10 and its 200 day moving average is $9.29.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. On average, sell-side analysts anticipate that Norsk Hydro ASA will post 1.19 EPS 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.