Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

NHYDY has been the topic of a number of other research reports. UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday. Finally, Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Norsk Hydro ASA presently has an average rating of “Hold”.

Norsk Hydro ASA Price Performance

Shares of NHYDY stock opened at $12.23 on Thursday. Norsk Hydro ASA has a twelve month low of $5.37 and a twelve month high of $12.53. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 0.82 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $11.10 and its 200 day moving average is $9.29.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Research analysts expect that Norsk Hydro ASA will post 1.19 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

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.