Norsk Hydro ASA (NHYDY) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a buy rating in a research report report published on Saturday morning. They currently have $8.25 price objective on the industrial products company’s stock.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Other research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Norsk Hydro ASA from a hold rating to a buy rating in a research report on Friday, September 1st. BNP Paribas upgraded shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, September 6th. Finally, Credit Suisse Group upgraded shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $8.25.
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 7.31 on Friday. The company has a 50 day moving average of $6.67 and a 200-day moving average of $5.95. Norsk Hydro ASA has a 12-month low of $3.87 and a 12-month high of $7.42. The company has a market capitalization of $14.95 billion, a P/E ratio of 22.08 and a beta of 0.91.
Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.89 billion for the quarter. On average, equities analysts anticipate that Norsk Hydro ASA will post $0.51 EPS for the current fiscal year.
About Norsk Hydro ASA
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related stocks with our FREE daily email newsletter.