Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Hold” from Analysts

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

A number of analysts recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Zacks Research cut Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd.

Norsk Hydro ASA Price Performance

OTCMKTS:NHYDY opened at $10.02 on Monday. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.79 and a beta of 1.02. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $9.27 and its two-hundred day moving average is $10.18. Norsk Hydro ASA has a 12-month low of $6.38 and a 12-month high of $13.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. Research analysts expect that Norsk Hydro ASA will post 0.91 EPS for the current 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.