Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by Zacks Investment Research

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

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

NHYDY has been the subject of several other research reports. Citigroup lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. upgraded Norsk Hydro ASA from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 21st. ValuEngine lowered Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Goldman Sachs Group upgraded Norsk Hydro ASA from a “sell” rating to a “neutral” rating in a report on Wednesday, May 8th. Finally, Deutsche Bank lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.00.



Shares of OTCMKTS:NHYDY opened at $3.07 on Tuesday. Norsk Hydro ASA has a 1 year low of $3.02 and a 1 year high of $6.21. The company’s 50 day simple moving average is $3.51. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 2.11 and a beta of 0.85. The company has a quick ratio of 0.87, a current ratio of 1.57 and a debt-to-equity ratio of 0.12.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a net margin of 0.07% and a return on equity of 2.10%. The business had revenue of $4.55 billion for the quarter. Analysts expect that Norsk Hydro ASA will post 0.17 earnings per share 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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