Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts recently issued reports on NHYDY shares. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th.

Norsk Hydro ASA Price Performance

Shares of NHYDY opened at $11.21 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $8.66. Norsk Hydro ASA has a 52-week low of $5.29 and a 52-week high of $11.71. The firm has a market capitalization of $22.18 billion, a PE ratio of 35.93, a P/E/G ratio of 0.74 and a beta of 0.96.

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