Norsk Hydro ASA (NHYDY) Receives Consensus Rating of “Hold” from Analysts
Norsk Hydro ASA (OTCMKTS:NHYDY) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Nordea Equity Research upgraded shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Friday. Macquarie assumed coverage on shares of Norsk Hydro ASA in a research note on Thursday, March 7th. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Finally, Pareto Securities cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 8th.
Shares of OTCMKTS:NHYDY opened at $4.09 on Friday. Norsk Hydro ASA has a twelve month low of $3.78 and a twelve month high of $7.05. The company has a current ratio of 1.59, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.37 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74.
Norsk Hydro ASA Company Profile
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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