Norsk Hydro ASA (OTCMKTS:NHYDY) Raised to Strong-Buy at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

NHYDY has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, December 16th. BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Finally, BNP Paribas Exane raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Norsk Hydro ASA Stock Up 2.4%

Shares of Norsk Hydro ASA stock opened at $7.96 on Thursday. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.23 and a beta of 1.15. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $8.00. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $7.29 and its 200-day simple moving average is $6.71.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $47.19 billion. Equities research analysts forecast that Norsk Hydro ASA will post 0.72 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.