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

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

Several research analysts have recently weighed in on NHYDY shares. Zacks Research downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Danske downgraded Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Finally, Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th.

Norsk Hydro ASA Stock Performance

NHYDY stock opened at $9.94 on Thursday. The stock’s fifty day moving average is $9.79 and its two-hundred day moving average is $10.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.74 and a beta of 1.02. Norsk Hydro ASA has a 1 year low of $6.19 and a 1 year high of $13.02.

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, topping the consensus estimate of $0.22 by $0.01. Norsk Hydro ASA had a return on equity of 12.01% and a net margin of 4.90%.The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.74 billion. On average, research analysts predict that Norsk Hydro ASA will post 0.9 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.