Kepler Capital Markets Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Strong Sell

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by research analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. The Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Monday. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, December 16th. Danske raised Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. Finally, Royal Bank Of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Norsk Hydro ASA Stock Performance

NHYDY opened at $8.58 on Monday. The stock’s 50 day simple moving average is $8.38 and its 200-day simple moving average is $7.36. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock has a market cap of $16.97 billion, a PE ratio of 27.67, a P/E/G ratio of 0.30 and a beta of 1.15. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $9.75.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.82 billion. Sell-side analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.