Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on NHYDY. Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Royal Bank Of Canada upgraded Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Danske downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Norsk Hydro ASA Trading Down 0.2%

OTCMKTS:NHYDY opened at $9.03 on Monday. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 0.60 and a beta of 0.98. Norsk Hydro ASA has a 52 week low of $5.69 and a 52 week high of $13.02. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $11.31 and a 200 day moving average of $9.88.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. As a group, sell-side analysts anticipate that Norsk Hydro ASA will post 1.19 earnings per share for the current fiscal year.

About Norsk Hydro ASA

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.