Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts now rate Norsk Hydro ASA “Hold” on average: Of 12 covering firms, seven have hold ratings, two recommend selling, two recommend buying, and one gives a strong-buy rating.
• The stock opened at $8.74, below its 50-day and 200-day moving averages of $9.49 and $10.23, respectively. It has traded between $6.49 and $13.02 over the past year.
• Norsk Hydro exceeded quarterly expectations, reporting $0.23 EPS versus a $0.22 estimate and revenue of $5.88 billion versus $5.74 billion expected. Analysts project full-year EPS of $0.85.

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) have earned an average recommendation of "Hold" from the twelve ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

NHYDY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Zacks Research raised Norsk Hydro ASA from a "strong sell" rating to a "hold" rating in a research note on Friday, September 4th. Finally, Pareto Securities cut Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research report on Thursday, June 11th.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $8.74 on Friday. The firm has a market cap of $17.29 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.03. The firm's 50-day simple moving average is $9.49 and its 200-day simple moving average is $10.23. Norsk Hydro ASA has a twelve month low of $6.49 and a twelve month high of $13.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.91.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. As a group, research analysts expect that Norsk Hydro ASA will post 0.85 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norway-based industrial company focused on aluminum and renewable energy. Its operations span the aluminum value chain, including bauxite mining, alumina refining, primary aluminum production, recycling, and the development of extruded aluminum products and solutions. The company supplies aluminum for applications in industries such as automotive, construction, packaging, consumer products and renewable energy.

Hydro also produces and manages renewable power, primarily through hydropower operations in Norway.

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