Kepler Capital Markets Upgrades Marine Harvest ASA (OTCMKTS:MHGVY) to Strong-Buy

Marine Harvest ASA (OTCMKTS:MHGVY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Separately, Pareto Securities raised shares of Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Marine Harvest ASA Trading Up 1.3%

Shares of OTCMKTS:MHGVY opened at $21.15 on Friday. Marine Harvest ASA has a 52-week low of $18.27 and a 52-week high of $24.86. The company has a market capitalization of $11.15 billion, a P/E ratio of 11.25 and a beta of 0.92. The company has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $22.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 12.23%.

Marine Harvest ASA Company Profile

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.