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

Norsk Hydro ASA (OTCMKTS:NHYDY) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of analysts have recently commented on NHYDY shares. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Citigroup upgraded shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Monday, February 23rd. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Finally, Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock opened at $11.10 on Thursday. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $11.19. The stock has a market cap of $21.96 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $9.50 and its 200-day moving average price is $8.14.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.82 billion. On average, equities analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

About Norsk Hydro ASA

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.