Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by ValuEngine

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Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

NHYDY has been the subject of several other research reports. Goldman Sachs Group upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 11th. Barclays initiated coverage on Norsk Hydro ASA in a research note on Thursday, September 12th. They issued an “underweight” rating for the company. Zacks Investment Research lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. Citigroup lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Monday, August 12th. Finally, Bank of America lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.00.

Shares of Norsk Hydro ASA stock opened at $3.70 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. Norsk Hydro ASA has a twelve month low of $2.93 and a twelve month high of $5.10. The business has a 50-day moving average price of $3.56 and a 200 day moving average price of $3.58. The firm has a market cap of $7.65 billion, a PE ratio of 10.87, a P/E/G ratio of 1.87 and a beta of 0.91.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.04 earnings per share for the quarter. Norsk Hydro ASA had a positive return on equity of 1.07% and a negative net margin of 1.24%. The firm had revenue of $4.28 billion during the quarter. On average, sell-side analysts expect that Norsk Hydro ASA will post 0.25 EPS for the current year.

Norsk Hydro ASA Company Profile

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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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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