Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Increased to Outperform at Royal Bank Of Canada

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Friday.

A number of other research firms also recently commented on NHYDY. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, February 24th. Kepler Capital Markets cut Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research note 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. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 2.6%

Shares of NHYDY stock opened at $9.07 on Friday. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $10.20. The firm’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $7.80. The firm has a market cap of $17.94 billion, a P/E ratio of 29.26, a PEG ratio of 1.47 and a beta of 1.11. 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 issued its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates 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 forecast that Norsk Hydro ASA will post 0.72 EPS 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.