Morgan Stanley Trims Norsk Hydro ASA (OTCMKTS:NHYDY) Target Price to 86.00

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) had its price objective decreased by analysts at Morgan Stanley from 94.00 to 86.00 in a research report issued on Thursday, The Fly reports. The firm presently has an “overweight” rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on the stock. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. dropped their price target on shares of Norsk Hydro ASA from 84.00 to 82.00 and set a “neutral” rating for the company in a research report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norsk Hydro ASA from 93.00 to 100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 5th. UBS Group upgraded shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Friday, February 25th. Finally, Barclays upped their target price on shares of Norsk Hydro ASA from 93.00 to 120.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.60.

OTCMKTS NHYDY traded down $0.32 during trading hours on Thursday, hitting $6.09. 304,927 shares of the company’s stock traded hands, compared to its average volume of 149,577. The business’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.41. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12.47 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.27 and a beta of 1.42. Norsk Hydro ASA has a 52 week low of $6.00 and a 52 week high of $10.72.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Norsk Hydro ASA had a net margin of 9.94% and a return on equity of 21.52%. On average, sell-side analysts expect that Norsk Hydro ASA will post 1.27 EPS for the current fiscal year.

About Norsk Hydro ASA (Get Rating)

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

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