Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other research firms have also recently weighed in on NHYDY. Zacks Investment Research cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. JPMorgan Chase & Co. cut shares of Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 3rd. Morgan Stanley raised shares of Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. Finally, Goldman Sachs Group raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Sunday, October 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $6.00.

OTCMKTS NHYDY opened at $4.67 on Wednesday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.21 and a beta of 0.89. Norsk Hydro ASA has a fifty-two week low of $4.58 and a fifty-two week high of $7.85. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, October 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $4.87 billion for the quarter. Norsk Hydro ASA had a net margin of 5.17% and a return on equity of 9.49%. As a group, sell-side analysts predict that Norsk Hydro ASA will post 0.43 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. It operates through the following segments: Bauxite & Alumina; Primary Metal; Metal Markets; Rolled Products; Extended Solutions; Energy; and Other Eliminations. The Bauxite & Alumina segment include bauxite mining activities, sourcing arrangements, and alumina commercial operations.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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