Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Rating of “Hold” from Analysts

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

NHYDY has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. UBS Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada upgraded Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th.

Norsk Hydro ASA Trading Down 0.7%

Shares of OTCMKTS:NHYDY traded down $0.06 on Friday, hitting $8.78. 1,865,448 shares of the company’s stock were exchanged, compared to its average volume of 285,822. Norsk Hydro ASA has a 12 month low of $5.82 and a 12 month high of $13.02. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.02. The business’s 50 day simple moving average is $10.90 and its two-hundred day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.42 billion. Analysts anticipate that Norsk Hydro ASA will post 0.99 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

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.