Norsk Hydro ASA (OTCMKTS:NHYDY) Raised to “Outperform” at BNP Paribas Exane

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a report issued on Friday, MarketBeat.com reports.

A number of other equities analysts also recently issued reports on NHYDY. Barclays downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Pareto Securities downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock opened at $7.36 on Friday. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.35 and a beta of 1.19. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $7.50. The company’s fifty day moving average is $6.99 and its 200 day moving average is $6.40. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $47.19 billion. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%. Sell-side analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current year.

About Norsk Hydro ASA

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.