Zacks Investment Research lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Several other research analysts have also recently issued reports on the company. UBS Group cut Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. cut Norsk Hydro ASA from an overweight rating to a neutral rating in a research report on Thursday, December 14th. Goldman Sachs Group cut Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, December 8th. ValuEngine cut Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, December 6th. Finally, Deutsche Bank cut Norsk Hydro ASA from a hold rating to a sell rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $8.50.
Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Thursday, February 15th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $5.07 billion for the quarter. Norsk Hydro ASA had a return on equity of 9.50% and a net margin of 7.97%. equities analysts anticipate that Norsk Hydro ASA will post 0.67 EPS for the current fiscal year.
Norsk Hydro ASA Company Profile
Norsk Hydro ASA (Hydro) is an integrated aluminum company with operations in various activities along the aluminum industry’s value chain. The Company operates through six segments: Bauxite & Alumina, which includes bauxite mining activities, production of alumina and related commercial activities, primarily the sale of alumina; Primary Metal, which includes primary aluminum production and casting activities; Metal Markets, which include sales activities relating to products from the its primary metal plants and operational responsibility for Hydro’s stand-alone remelters, as well as physical and financial metal trading activities; Rolled Products, which include Hydro’s rolling mills; Energy, which includes energy sourcing for Hydro’s aluminum operations around the world, and Other and eliminations, which consists of its captive insurance company Industriforsikring, its industry parks, internal service providers, operation of Sapa and other activities.
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