Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Norsk Hydro ASA has an average recommendation of "Buy" according to five brokerages, with ratings ranging from "hold" to "strong buy".
• The company reported earnings of $0.16 EPS for the last quarter, significantly exceeding analysts' expectations of $0.07.
• Norsk Hydro ASA recently announced a dividend of $0.1442 per share, yielding 2.68%, with a payout ratio of 33.33%.

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) have been assigned a consensus rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company.

Several research analysts have recently weighed in on the company. Royal Bank Of Canada raised Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research report on Thursday, April 17th. Kepler Capital Markets cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Norsk Hydro ASA in a research note on Monday, July 14th.

Norsk Hydro ASA Stock Down 1.8%

Norsk Hydro ASA stock traded down $0.12 during mid-day trading on Friday, hitting $6.12. The company's stock had a trading volume of 45,427 shares, compared to its average volume of 183,229. The firm's 50 day moving average is $5.76 and its 200 day moving average is $5.74. The company has a market cap of $12.10 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.29 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.10. Norsk Hydro ASA has a 52-week low of $4.50 and a 52-week high of $6.62.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.37%. On average, analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.1442 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 2.68%. Norsk Hydro ASA's dividend payout ratio (DPR) is presently 33.33%.

About Norsk Hydro ASA

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