Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Hold” from Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

NHYDY has been the topic of a number of research analyst reports. Citigroup downgraded shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Pareto Securities raised shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Danske downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Finally, UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th.

Norsk Hydro ASA Price Performance

Norsk Hydro ASA stock opened at $11.97 on Friday. The company’s 50 day simple moving average is $10.80 and its 200-day simple moving average is $9.08. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. Norsk Hydro ASA has a 1 year low of $5.37 and a 1 year high of $12.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. As a group, equities research analysts expect that Norsk Hydro ASA will post 1.19 earnings per share 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.