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

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Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Goldman Sachs Group raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, August 6th. ValuEngine lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Monday, July 16th. Finally, UBS Group raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Monday, June 11th.

Shares of Norsk Hydro ASA stock opened at $6.03 on Friday. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 12.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.78. Norsk Hydro ASA has a 52-week low of $5.29 and a 52-week high of $7.93.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Norsk Hydro ASA had a net margin of 6.64% and a return on equity of 9.80%. The business had revenue of $5.21 billion for the quarter. analysts expect that Norsk Hydro ASA will post 0.41 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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