Norsk Hydro ASA (NHYDY) Upgraded to Overweight by Morgan Stanley
Morgan Stanley upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from an equal weight rating to an overweight rating in a report published on Tuesday morning, The Fly reports.
NHYDY has been the subject of a number of other reports. ValuEngine lowered Norsk Hydro ASA from a buy rating to a hold rating in a research report on Thursday, June 28th. UBS Group upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Monday, June 11th. Zacks Investment Research lowered Norsk Hydro ASA from a hold rating to a sell rating in a research report on Tuesday, September 11th. Goldman Sachs Group upgraded Norsk Hydro ASA from a sell rating to a hold rating in a research report on Monday, August 6th. Finally, Citigroup upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $7.50.
NHYDY stock opened at $6.03 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.78 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $12.63 billion, a PE ratio of 12.56 and a beta of 0.77. Norsk Hydro ASA has a 1 year low of $5.29 and a 1 year high of $7.93.
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.
See Also: Do stock splits help investors?
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 MarketBeat.com's FREE daily email newsletter.