Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Recommendation of “Hold” from Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities analysts have recently weighed in on NHYDY shares. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th.

Norsk Hydro ASA Stock Performance

OTCMKTS:NHYDY opened at $10.80 on Tuesday. Norsk Hydro ASA has a twelve month low of $5.42 and a twelve month high of $13.02. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $11.63 and a 200-day moving average of $9.69. The firm has a market cap of $21.37 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.42 billion. Analysts forecast that Norsk Hydro ASA will post 1.19 earnings per share for the current fiscal 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.