ValuEngine cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research note issued to investors on Monday.

NHYDY has been the subject of a number of other research reports. Zacks Investment Research raised shares of Norsk Hydro ASA from a hold rating to a buy rating and set a $8.25 price objective for the company in a report on Wednesday, September 20th. BNP Paribas upgraded shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, September 6th. Finally, Credit Suisse Group raised shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $8.25.

Shares of Norsk Hydro ASA (NHYDY) opened at 7.265 on Monday. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 21.368 and a beta of 0.89. Norsk Hydro ASA has a 52 week low of $4.19 and a 52 week high of $7.58. The firm has a 50-day moving average price of $7.09 and a 200-day moving average price of $6.14.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Norsk Hydro ASA had a net margin of 6.16% and a return on equity of 6.57%. The firm had revenue of $2.89 billion during the quarter. On average, equities analysts anticipate that Norsk Hydro ASA will post $0.51 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Norsk Hydro ASA (NHYDY) Lowered to “Hold” at ValuEngine” was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at

Norsk Hydro ASA Company Profile

Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with Analyst Ratings Network's FREE daily email newsletter.