Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several brokerages have issued reports on NHYDY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Zacks Research raised Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th.

Norsk Hydro ASA Stock Performance

OTCMKTS NHYDY opened at $8.74 on Friday. The firm has a market cap of $17.29 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.76 and a beta of 1.03. The company has a 50 day moving average of $9.49 and a 200-day moving average of $10.23. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 1-year low of $6.49 and a 1-year high of $13.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. On average, equities analysts forecast that Norsk Hydro ASA will post 0.85 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norway-based industrial company focused on aluminum and renewable energy. Its operations span the aluminum value chain, including bauxite mining, alumina refining, primary aluminum production, recycling, and the development of extruded aluminum products and solutions. The company supplies aluminum for applications in industries such as automotive, construction, packaging, consumer products and renewable energy.

Hydro also produces and manages renewable power, primarily through hydropower operations in Norway.