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

Norsk Hydro ASA (OTCMKTS:NHYDY) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

A number of research analysts have recently issued reports on the company. Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $8.79 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. Norsk Hydro ASA has a 52-week low of $5.85 and a 52-week high of $13.02. The company has a fifty day moving average of $10.70 and a 200-day moving average of $9.98. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. Equities research analysts expect that Norsk Hydro ASA will post 0.87 EPS 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.