Norsk Hydro ASA (NHYDY) Raised to “Buy” at ValuEngine
ValuEngine upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a buy rating in a report released on Friday morning.
NHYDY has been the subject of a number of other reports. Zacks Investment Research raised shares of Norsk Hydro ASA from a sell rating to a hold rating in a report on Tuesday, July 4th. Credit Suisse Group raised shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $6.75.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) opened at 7.25 on Friday. The firm has a market cap of $14.83 billion, a PE ratio of 21.90 and a beta of 0.90. The company has a 50 day moving average of $6.57 and a 200 day moving average of $5.91. Norsk Hydro ASA has a 52 week low of $3.87 and a 52 week high of $7.30.
Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Norsk Hydro ASA had a net margin of 6.16% and a return on equity of 6.57%. The company had revenue of $2.89 billion during the quarter. On average, equities research analysts anticipate that Norsk Hydro ASA will post $0.51 EPS for the current fiscal year.
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Norsk Hydro ASA Company Profile
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