Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

NHYDY has been the subject of a number of other research reports. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Norsk Hydro ASA has an average rating of “Hold”.

Norsk Hydro ASA Price Performance

Norsk Hydro ASA stock opened at $11.32 on Wednesday. The company has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $8.63. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.31 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 has a 52-week low of $5.16 and a 52-week high of $11.71.

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 firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.40 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. On average, equities analysts anticipate that Norsk Hydro ASA will post 1.01 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.