Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Rating of “Hold” by Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts recently commented on the company. Zacks Research raised Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 29th. Danske lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $12.38 on Friday. The stock’s 50-day simple moving average is $11.05 and its 200-day simple moving average is $9.27. Norsk Hydro ASA has a 52 week low of $5.37 and a 52 week high of $12.53. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 0.81 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. As a group, analysts expect that Norsk Hydro ASA will post 1.19 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.