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

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company.

A number of research analysts have commented on the company. Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. Royal Bank Of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock opened at $9.79 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.27. The company has a market cap of $19.37 billion, a PE ratio of 31.58, a P/E/G ratio of 1.78 and a beta of 1.11. The company’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $7.73. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $10.20.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.82 billion. As a group, equities research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current 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.