Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

Several research firms recently weighed in on NHYDY. Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. UBS Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd.

Norsk Hydro ASA Price Performance

Shares of NHYDY opened at $8.96 on Friday. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.69 and a beta of 1.02. The firm’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $9.98. Norsk Hydro ASA has a twelve month low of $5.92 and a twelve month high of $13.02. 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 (OTCMKTS:NHYDY) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. Equities analysts forecast that Norsk Hydro ASA will post 0.87 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.