Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on NHYDY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a research note on Tuesday, June 2nd. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Finally, Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 0.2%

NHYDY opened at $9.03 on Monday. The stock has a market capitalization of $17.87 billion, a P/E ratio of 28.94, a P/E/G ratio of 0.60 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. Norsk Hydro ASA has a 12 month low of $5.69 and a 12 month high of $13.02. The firm’s fifty day simple moving average is $11.31 and its 200 day simple moving average is $9.88.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. As a group, research 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.