Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Rating of “Hold” by Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several research firms have issued reports on NHYDY. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Barclays cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Pareto Securities cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Wednesday, October 8th.

Norsk Hydro ASA Stock Up 0.1%

NHYDY opened at $6.89 on Thursday. The company has a 50 day moving average of $6.65 and a 200 day moving average of $5.96. The company has a market cap of $13.63 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $7.08. The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. On average, sell-side analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.