Norsk Hydro ASA (NHYDY) Upgraded to “Buy” at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to a buy rating in a report issued on Sunday, The Fly reports.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Norsk Hydro ASA from a hold rating to a sell rating in a report on Tuesday, September 18th. ValuEngine upgraded shares of Norsk Hydro ASA from a sell rating to a hold rating in a report on Friday, September 21st. JPMorgan Chase & Co. lowered shares of Norsk Hydro ASA from an overweight rating to a neutral rating in a report on Wednesday, October 3rd. Morgan Stanley upgraded shares of Norsk Hydro ASA from an equal weight rating to an overweight rating in a report on Tuesday, September 25th. Finally, Citigroup upgraded shares of Norsk Hydro ASA from a neutral rating to a buy rating in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $7.50.

NHYDY opened at $5.32 on Friday. Norsk Hydro ASA has a 1-year low of $5.07 and a 1-year high of $7.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.71. The company has a market capitalization of $12.33 billion, a PE ratio of 11.07 and a beta of 0.75.

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 for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Norsk Hydro ASA had a net margin of 6.64% and a return on equity of 9.89%. The company had revenue of $5.21 billion for the quarter. On average, analysts expect that Norsk Hydro ASA will post 0.41 earnings per share for the current year.

About Norsk Hydro ASA

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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