Norsk Hydro ASA (OTCMKTS:NHYDY) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a research note issued to investors on Thursday, The Fly reports. The brokerage issued an underweight rating on the industrial products company’s stock.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Norsk Hydro ASA from a hold rating to a sell rating in a research report on Saturday, September 7th. ValuEngine downgraded Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Bank of America downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, August 16th. Goldman Sachs Group upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upgraded Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $5.00.

Norsk Hydro ASA stock opened at $3.77 on Thursday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. Norsk Hydro ASA has a 52 week low of $2.93 and a 52 week high of $6.21. The business’s 50-day moving average price is $3.27 and its 200 day moving average price is $3.77. The company has a quick ratio of 1.07, a current ratio of 1.77 and a debt-to-equity ratio of 0.22.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $4.55 billion for the quarter. Norsk Hydro ASA had a return on equity of 2.14% and a net margin of 0.07%. Equities analysts expect that Norsk Hydro ASA will post 0.16 EPS for the current 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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