Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company.

A number of research analysts have recently issued reports on NHYDY shares. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Morgan Stanley reissued an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. Royal Bank Of Canada raised Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Finally, UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th.

Norsk Hydro ASA Stock Down 3.2%

Shares of NHYDY opened at $10.11 on Tuesday. The company has a market capitalization of $19.99 billion, a PE ratio of 32.39, a PEG ratio of 0.69 and a beta of 0.98. Norsk Hydro ASA has a 12 month low of $5.42 and a 12 month high of $13.02. The stock’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $9.81. 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 announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. On average, analysts anticipate that Norsk Hydro ASA will post 1.19 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.