Norsk Hydro ASA (NHYDY) Lowered to “Hold” at ValuEngine
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.
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Norsk Hydro ASA Company Profile
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