Norsk Hydro ASA (NHYDY) Cut to “Sell” at Goldman Sachs Group

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Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.

NHYDY has been the topic of several other reports. ValuEngine lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. lowered Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 3rd. Morgan Stanley upgraded Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 25th. Finally, Zacks Investment Research upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.00.

Shares of OTCMKTS NHYDY opened at $4.77 on Friday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.71. Norsk Hydro ASA has a twelve month low of $4.32 and a twelve month high of $7.79.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $4.87 billion for the quarter. Norsk Hydro ASA had a return on equity of 9.49% and a net margin of 5.17%. Research analysts forecast that Norsk Hydro ASA will post 0.44 EPS 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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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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