Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rated “Hold” by Wall Street Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has received an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have recently commented on NHYDY shares. Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Danske upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday. Finally, Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th.

Norsk Hydro ASA Stock Down 1.0%

NHYDY opened at $8.58 on Friday. Norsk Hydro ASA has a 52 week low of $6.49 and a 52 week high of $13.02. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.22. The company has a market capitalization of $16.98 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. Analysts forecast that Norsk Hydro ASA will post 0.85 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norway-based industrial company focused primarily on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro operates across the aluminum value chain, from bauxite mining and alumina refining to primary aluminum production, recycling, and the manufacture of finished and semi-finished aluminum products.

The company’s businesses include bauxite and alumina operations, primary metal production, aluminum recycling, metal sales, and extrusion. Through its extrusion activities, Hydro supplies aluminum profiles and components used in industries such as construction, transportation, automotive, and consumer products.