Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 12-Month High – Still a Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $7.94 and last traded at $7.9050, with a volume of 15299 shares changing hands. The stock had previously closed at $7.77.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BNP Paribas Exane upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Friday, December 5th. Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Danske upgraded shares of Norsk Hydro ASA to a “hold” rating in a research report on Monday, October 27th. BNP Paribas raised shares of Norsk Hydro ASA to an “outperform” rating in a research note on Friday, December 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Up 1.7%

The business’s 50 day moving average is $7.27 and its 200-day moving average is $6.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.25. The company has a market cap of $15.64 billion, a PE ratio of 15.20, a P/E/G ratio of 0.44 and a beta of 1.15.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $47.19 billion. As a group, analysts predict 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.