Norsk Hydro ASA (OTCMKTS:NHYDY) Hits New 12-Month High – What’s Next?

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) hit a new 52-week high on Tuesday . The stock traded as high as $11.19 and last traded at $11.11, with a volume of 60474 shares. The stock had previously closed at $10.74.

Analysts Set New Price Targets

A number of brokerages have recently commented on NHYDY. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group raised Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Zacks Research lowered Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Kepler Capital Markets lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. The stock has a fifty day simple moving average of $9.50 and a 200-day simple moving average of $8.14. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%. As a group, equities research analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current year.

About Norsk Hydro ASA

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.