Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to Hold Rating by Wall Street Zen

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other research firms have also recently weighed in on NHYDY. BNP Paribas Exane raised Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday. Kepler Capital Markets lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Monday, February 16th. Finally, Citigroup upgraded shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Up 1.0%

Shares of OTCMKTS:NHYDY traded up $0.09 during trading on Friday, reaching $9.27. The stock had a trading volume of 774,437 shares, compared to its average volume of 235,734. The firm’s 50-day simple moving average is $8.59 and its 200 day simple moving average is $7.48. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a one year low of $4.50 and a one year high of $9.75. The company has a market capitalization of $18.34 billion, a P/E ratio of 29.90, a PEG ratio of 1.33 and a beta of 1.15.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.82 billion. As a group, research analysts expect that Norsk Hydro ASA will post 0.72 EPS 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.