Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by The Goldman Sachs Group

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

Several other research firms have also issued reports on NHYDY. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday, February 23rd. 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. Zacks Research downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Kepler Capital Markets lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock opened at $10.61 on Thursday. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $10.95. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $9.34 and a 200-day moving average price of $8.02. The company has a market cap of $20.99 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

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