Norsk Hydro ASA (OTCMKTS:NHYDY) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company.

Several brokerages recently issued reports on NHYDY. Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Friday, January 18th. Zacks Investment Research lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. Nordea Equity Research upgraded Norsk Hydro ASA from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Macquarie began coverage on Norsk Hydro ASA in a report on Thursday, March 7th. They set an “outperform” rating for the company. Finally, Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 8th.

Shares of Norsk Hydro ASA stock opened at $4.44 on Thursday. The firm has a market capitalization of $9.09 billion, a PE ratio of 13.06 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.08. Norsk Hydro ASA has a 12 month low of $3.78 and a 12 month high of $7.05.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Thursday, February 7th. The industrial products company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Norsk Hydro ASA had a return on equity of 6.32% and a net margin of 2.79%. The business had revenue of $4.54 billion during the quarter. As a group, analysts predict that Norsk Hydro ASA will post 0.32 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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