Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Recommendation of "Moderate Buy" by Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

NHYDY has been the topic of a number of research reports. Citigroup reaffirmed a "neutral" rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Pareto Securities cut shares of Norsk Hydro ASA to a "hold" rating in a report on Wednesday. Finally, Morgan Stanley reissued an "overweight" rating on shares of Norsk Hydro ASA in a report on Wednesday.

Norsk Hydro ASA Trading Up 0.9%

OTCMKTS:NHYDY opened at $6.99 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $13.83 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. The firm's 50 day moving average is $6.57 and its 200 day moving average is $5.94. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $7.08.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.09. The company had revenue of $5.23 billion for the quarter, compared to analysts' expectations of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. Sell-side analysts expect that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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.

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