Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

NHYDY has been the topic of several recent research reports. Pareto Securities downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. BNP Paribas Exane upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Friday, December 5th. Finally, BNP Paribas upgraded shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $7.85 on Tuesday. The firm has a market capitalization of $15.53 billion, a PE ratio of 15.10, a P/E/G ratio of 0.44 and a beta of 1.19. 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 company has a 50-day moving average price of $7.21 and a two-hundred day moving average price of $6.64. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $7.89.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted 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 company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $47.19 billion. Norsk Hydro ASA had a net margin of 4.96% and a return on equity of 10.20%. Equities analysts forecast that Norsk Hydro ASA will post 0.72 EPS 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.