Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts also recently commented on NHYDY. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday. Pareto Securities raised shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Morgan Stanley reissued an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Norsk Hydro ASA has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 1.3%

NHYDY stock opened at $12.23 on Thursday. The company has a market capitalization of $24.19 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. Norsk Hydro ASA has a one year low of $5.37 and a one year high of $12.53. The company’s 50 day moving average price is $11.10 and its two-hundred day moving average price is $9.29. 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 posted its quarterly 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 net margin of 3.11% and a return on equity of 10.52%. As a group, analysts predict that Norsk Hydro ASA will post 1.19 earnings per share 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.