ValuEngine Upgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to “Hold”

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Citigroup downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Monday, August 12th. Bank of America cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Friday, August 16th. Goldman Sachs Group upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, September 11th. Zacks Investment Research lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, Barclays initiated coverage on Norsk Hydro ASA in a research note on Thursday, September 12th. They set an “underweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Norsk Hydro ASA currently has a consensus rating of “Hold” and an average target price of $5.00.

Shares of NHYDY stock opened at $3.45 on Wednesday. Norsk Hydro ASA has a 12-month low of $2.93 and a 12-month high of $4.89. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.76 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $3.61 and a 200-day moving average of $3.52.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.04 EPS for the quarter. The business had revenue of $4.28 billion for the quarter. Norsk Hydro ASA had a positive return on equity of 1.07% and a negative net margin of 1.24%. Research analysts expect that Norsk Hydro ASA will post 0.25 earnings per share for the current 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.

Read More: What Does a Sell-Side Analyst Rating Mean?

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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