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

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given an average recommendation of “Hold” by the twelve research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have recently weighed in on NHYDY shares. Zacks Research lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd.

Norsk Hydro ASA Stock Performance

OTCMKTS:NHYDY opened at $10.18 on Monday. Norsk Hydro ASA has a twelve month low of $6.43 and a twelve month high of $13.02. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $9.34 and its 200 day simple moving average is $10.20. The firm has a market capitalization of $20.14 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.03.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. On average, analysts anticipate that Norsk Hydro ASA will post 0.91 EPS for the current fiscal 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.