Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to Neutral at UBS Group

Key Points

• UBS downgraded Norsk Hydro from "buy" to "neutral", and despite mixed analyst moves (including a Goldman Sachs upgrade to strong‑buy and a Zacks downgrade to strong‑sell) the consensus rating remains "Hold".
• The stock opened at $11.10 with a market cap of $21.96 billion and a PE of 35.81, trading near its 12‑month high of $11.19 after last quarter's EPS of $0.07 and revenue of $4.98B, both above estimates.
• Norsk Hydro is an integrated aluminum producer spanning bauxite mining to downstream products and operates significant hydropower assets to support its energy‑intensive operations.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was downgraded by equities researchers at UBS Group from a "buy" rating to a "neutral" rating in a research note issued on Thursday.

Several other research analysts have also recently issued reports on NHYDY. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a report on Tuesday, February 24th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Zacks Research lowered Norsk Hydro ASA from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, January 23rd. Royal Bank Of Canada upgraded Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a research report on Friday, March 20th. Finally, Citigroup raised Norsk Hydro ASA from a "neutral" rating to a "buy" rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Norsk Hydro ASA currently has a consensus rating of "Hold".

Norsk Hydro ASA Stock Performance

Norsk Hydro ASA stock opened at $11.10 on Thursday. The firm has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $8.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market capitalization of $21.96 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $11.19.

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 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.82 billion. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%. As a group, equities research analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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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