Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Ten analysts covering Norsk Hydro give a consensus rating of Hold (3 sell, 3 hold, 4 buy), with notable moves including Goldman Sachs cutting to sell while RBC and BNP Paribas Exane upgraded to outperform.
• Stock and recent results snapshot: NHYDY opened at $10.70 (near its 52-week high of $10.78) with a $21.17 billion market cap and a P/E of 34.5, and the company beat quarterly expectations with EPS $0.07 vs. $0.03 and revenue $4.98 billion vs. $4.82 billion.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company.

A number of research firms recently weighed in on NHYDY. Wall Street Zen cut Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research note on Friday, February 27th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a report on Friday, March 20th. The Goldman Sachs Group lowered shares of Norsk Hydro ASA from a "buy" rating to a "sell" rating in a research report on Monday, February 16th. Morgan Stanley restated an "overweight" rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. Finally, BNP Paribas Exane raised shares of Norsk Hydro ASA to an "outperform" rating in a report on Friday, December 5th.

Norsk Hydro ASA Trading Down 0.2%

Norsk Hydro ASA stock opened at $10.70 on Thursday. The stock has a 50-day simple moving average of $9.30 and a 200 day simple moving average of $8.00. The stock has a market capitalization of $21.17 billion, a P/E ratio of 34.52, a PEG ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $10.78.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The company had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.82 billion. Analysts expect 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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