Zacks Investment Research downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a research note 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. “
NHYDY has been the topic of a number of other research reports. ValuEngine downgraded Norsk Hydro ASA from a buy rating to a hold rating in a research report on Thursday, June 28th. UBS Group raised Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Monday, June 11th. Deutsche Bank raised Norsk Hydro ASA from a hold rating to a buy rating in a research report on Wednesday, April 18th. Finally, Goldman Sachs Group downgraded Norsk Hydro ASA from a neutral rating to a sell rating in a research report on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $7.50.
Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $5.15 billion for the quarter. Norsk Hydro ASA had a return on equity of 10.01% and a net margin of 7.10%. analysts anticipate that Norsk Hydro ASA will post 0.64 earnings per share for the current fiscal year.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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