Marine Harvest ASA (OTCMKTS:MHGVY) Rating Increased to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Marine Harvest ASA (OTCMKTS:MHGVY) from a hold rating to a strong-buy rating in a report issued on Friday,Zacks.com reports.

Separately, Pareto Securities raised shares of Marine Harvest ASA to a “hold” rating in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Marine Harvest ASA Price Performance

Marine Harvest ASA stock opened at $21.15 on Friday. The company’s fifty day moving average price is $22.29 and its 200 day moving average price is $22.73. Marine Harvest ASA has a 1 year low of $18.27 and a 1 year high of $24.86. The stock has a market capitalization of $11.15 billion, a P/E ratio of 11.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 12.23%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.