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

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

Several research firms have issued reports on NHYDY. The Goldman Sachs Group downgraded Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Monday, February 16th. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 23rd. Kepler Capital Markets downgraded Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Citigroup raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, February 24th.

Norsk Hydro ASA Trading Up 2.7%

Shares of OTCMKTS NHYDY opened at $9.96 on Friday. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $10.20. The company has a market cap of $19.71 billion, a PE ratio of 32.13, a P/E/G ratio of 1.77 and a beta of 1.11. 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 50-day moving average of $8.92 and a two-hundred day moving average of $7.70.

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