Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to “Hold” at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on NHYDY. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $11.32 on Wednesday. The firm’s 50 day moving average is $10.22 and its two-hundred day moving average is $8.63. Norsk Hydro ASA has a 52 week low of $5.16 and a 52 week high of $11.71. The firm has a market capitalization of $22.40 billion, a P/E ratio of 36.52, a PEG ratio of 1.31 and a beta of 0.98. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.40 billion. Analysts anticipate that Norsk Hydro ASA will post 1.01 earnings per share for the current 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.