Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also weighed in on the company. Zacks Research lowered Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Kepler Capital Markets cut Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th. Finally, Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Norsk Hydro ASA Stock Down 0.8%

NHYDY opened at $10.61 on Thursday. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $10.95. The company’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $8.02. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

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

About Norsk Hydro ASA

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.