Morgan Stanley Reaffirms "Equal Weight" Rating for Norsk Hydro ASA (OTCMKTS:NHYDY)

Key Points

• Morgan Stanley reaffirmed an "equal weight" rating on Norsk Hydro ASA, and analysts' consensus remains a Hold with 1 Strong Buy, 3 Buy, 6 Hold and 2 Sell ratings.
• NHYDY traded up 0.3% to $11.51, has a market cap of $22.77 billion and a P/E of 37.13, with a 12‑month range of $4.95–$11.71.
• Norsk Hydro beat quarterly expectations with EPS of $0.07 versus $0.03 estimated and revenue of $4.98 billion versus $4.82 billion, while analysts forecast roughly $0.72 EPS for the year.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s stock had its "equal weight" rating reissued by research analysts at Morgan Stanley in a report issued on Thursday.

NHYDY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered shares of Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research report on Tuesday. Wall Street Zen downgraded Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research report on Friday, February 27th. Kepler Capital Markets lowered Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Royal Bank Of Canada raised shares of Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a research note on Friday, March 20th. Finally, UBS Group cut shares of Norsk Hydro ASA from a "buy" rating to a "neutral" rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Norsk Hydro ASA Trading Up 0.3%

NHYDY stock traded up $0.04 during trading on Thursday, hitting $11.51. The company had a trading volume of 64,004 shares, compared to its average volume of 195,952. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $9.73 and a 200-day moving average price of $8.31. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $11.71. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.77 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.82 billion. As a group, analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world's largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.

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