Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a sell rating in a report released on Wednesday 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. “
A number of other analysts also recently issued reports on the stock. UBS downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. downgraded shares of Norsk Hydro ASA from an overweight rating to a neutral rating in a research report on Thursday, December 14th. Goldman Sachs downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, December 8th. Finally, ValuEngine downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $7.50.
Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Norsk Hydro ASA had a net margin of 7.97% and a return on equity of 9.50%. The company had revenue of $5.07 billion during the quarter. sell-side analysts forecast that Norsk Hydro ASA will post 0.61 earnings per share for the current 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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