Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by BNP Paribas Exane

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by equities researchers at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a report issued on Friday, MarketBeat reports.

Other equities analysts also recently issued reports about the stock. Danske upgraded shares of Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a research report on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a report on Friday, November 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Norsk Hydro ASA has an average rating of “Hold”.

Norsk Hydro ASA Stock Up 0.5%

Shares of NHYDY stock opened at $7.36 on Friday. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $7.50. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $6.99 and a 200-day moving average of $6.40. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.35 and a beta of 1.19.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $47.19 billion. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%. As a group, equities research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.