Marine Harvest ASA (OTCMKTS:MHGVY) Upgraded to “Strong-Buy” at Pareto Securities

Pareto Securities upgraded shares of Marine Harvest ASA (OTCMKTS:MHGVY) from a hold rating to a strong-buy rating in a research note published on Sunday morning,Zacks.com reports.

Separately, Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Price Performance

Shares of MHGVY opened at $21.69 on Friday. The firm has a market capitalization of $11.44 billion, a PE ratio of 11.54 and a beta of 0.92. The company’s 50-day moving average is $22.26 and its 200-day moving average is $22.72. Marine Harvest ASA has a fifty-two week low of $18.27 and a fifty-two week high of $24.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 0.93.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 12.23%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion.

Marine Harvest ASA Company Profile

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.