Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Rating of “Hold” from Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company.

NHYDY has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd.

Norsk Hydro ASA Stock Down 6.9%

NHYDY stock opened at $10.80 on Tuesday. 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 has a fifty-two week low of $5.42 and a fifty-two week high of $13.02. The firm’s 50-day simple moving average is $11.63 and its 200 day simple moving average is $9.69. The stock has a market cap of $21.37 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.42 billion. As a group, sell-side analysts predict that Norsk Hydro ASA will post 1.19 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.