Zacks Research Upgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to “Hold”

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on NHYDY. Royal Bank Of Canada raised Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Danske downgraded Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Citigroup raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $11.32 on Wednesday. The company has a market cap of $22.40 billion, a P/E ratio of 36.52, a P/E/G ratio of 1.31 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 52 week low of $5.16 and a 52 week high of $11.71. The business has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $8.63.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.40 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. Equities research analysts forecast that Norsk Hydro ASA will post 1.01 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.