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 (OTCMKTS:NHYDY) last posted its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $5.21 billion during the quarter. Norsk Hydro ASA had a return on equity of 9.80% and a net margin of 6.64%. equities research analysts predict that Norsk Hydro ASA will post 0.41 EPS for the current fiscal year.

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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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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