Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group cut shares of Norsk Hydro ASA from a buy rating to a sell rating in a research report on Friday, January 18th. ValuEngine raised shares of Norsk Hydro ASA from a sell rating to a hold rating in a research report on Wednesday, October 24th. Nordea Equity Research cut shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Pareto Securities cut shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Norsk Hydro ASA currently has an average rating of Hold and an average target price of $5.00.
Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Thursday, February 7th. The industrial products company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $4.54 billion for the quarter. Norsk Hydro ASA had a return on equity of 6.22% and a net margin of 2.79%. As a group, equities analysts anticipate that Norsk Hydro ASA will post 0.4 earnings per share for the current fiscal year.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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