Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to “Hold” at Deutsche Bank

Deutsche Bank lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report report published on Wednesday morning, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research note on Tuesday. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Nordea Equity Research raised Norsk Hydro ASA from a hold rating to a buy rating in a research note on Friday, March 15th. Finally, Citigroup reissued a buy rating on shares of Rolls-Royce in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $5.00.

NHYDY traded up $0.00 on Wednesday, reaching $3.57. The stock had a trading volume of 66,479 shares, compared to its average volume of 86,039. The stock has a market cap of $7.30 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. The firm’s 50-day moving average price is $3.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 0.87. Norsk Hydro ASA has a fifty-two week low of $3.45 and a fifty-two week high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.01 earnings per share for the quarter. The company had revenue of $4.40 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.22% and a net margin of 1.50%. As a group, analysts predict that Norsk Hydro ASA will post 0.22 EPS for the current fiscal year.

About Norsk Hydro ASA

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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