Norsk Hydro ASA (NHYDY) – What Are Researchers Thinking About This Stock?

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given a consensus rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Danske upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd.

Norsk Hydro ASA Stock Down 1.4%

Shares of OTCMKTS:NHYDY opened at $7.98 on Tuesday. The company has a fifty day moving average of $9.19 and a 200-day moving average of $10.08. The company has a market capitalization of $15.79 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.91. Norsk Hydro ASA has a 52-week low of $6.49 and a 52-week high of $13.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.74 billion. On average, equities analysts predict 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 focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.