Zacks Investment Research downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report report published on Thursday.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Several other research firms also recently issued reports on NHYDY. Deutsche Bank downgraded Norsk Hydro ASA from a hold rating to a sell rating in a research note on Thursday, November 9th. UBS Group downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. downgraded Norsk Hydro ASA from an overweight rating to a neutral rating in a research note on Thursday, December 14th. ValuEngine downgraded Norsk Hydro ASA from a buy rating to a hold rating in a research note on Wednesday, December 6th. Finally, Goldman Sachs Group downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $8.50.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) opened at $7.20 on Thursday. The stock has a market capitalization of $14,713.78, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.58 and a beta of 0.81. Norsk Hydro ASA has a one year low of $5.11 and a one year high of $7.93. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.04.
Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The business had revenue of $5.07 billion during the quarter. Norsk Hydro ASA had a return on equity of 9.50% and a net margin of 7.97%. equities analysts predict that Norsk Hydro ASA will post 0.67 earnings per share for the current fiscal year.
About Norsk Hydro ASA
Norsk Hydro ASA (Hydro) is an integrated aluminum company with operations in various activities along the aluminum industry’s value chain. The Company operates through six segments: Bauxite & Alumina, which includes bauxite mining activities, production of alumina and related commercial activities, primarily the sale of alumina; Primary Metal, which includes primary aluminum production and casting activities; Metal Markets, which include sales activities relating to products from the its primary metal plants and operational responsibility for Hydro’s stand-alone remelters, as well as physical and financial metal trading activities; Rolled Products, which include Hydro’s rolling mills; Energy, which includes energy sourcing for Hydro’s aluminum operations around the world, and Other and eliminations, which consists of its captive insurance company Industriforsikring, its industry parks, internal service providers, operation of Sapa and other activities.
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