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

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company.

Several research analysts have recently commented on the company. Citigroup raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Zacks Research downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. 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. Finally, Royal Bank Of Canada cut shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Monday, February 16th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock opened at $9.27 on Friday. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.74 and a beta of 1.11. The company’s 50 day moving average is $8.84 and its 200 day moving average is $7.67. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 52-week low of $4.50 and a 52-week high of $9.75.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.82 billion. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. On average, sell-side analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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.