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

Norsk Hydro ASA (OTCMKTS:NHYDY) has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts recently commented on the company. Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS NHYDY opened at $8.32 on Friday. The business’s 50-day moving average price is $9.46 and its two-hundred day moving average price is $10.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.21. Norsk Hydro ASA has a one year low of $6.49 and a one year high of $13.02. The company has a market capitalization of $16.47 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. Analysts anticipate that Norsk Hydro ASA will post 0.85 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norway-based industrial company focused primarily on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro operates across the aluminum value chain, from bauxite mining and alumina refining to primary aluminum production, recycling, and the manufacture of finished and semi-finished aluminum products.

The company’s businesses include bauxite and alumina operations, primary metal production, aluminum recycling, metal sales, and extrusion. Through its extrusion activities, Hydro supplies aluminum profiles and components used in industries such as construction, transportation, automotive, and consumer products.