Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Norsk Hydro ASA has received a consensus rating of "Moderate Buy" from five analysts, with three hold ratings, one buy, and one strong buy.
• The company's recent quarterly earnings surpassed expectations, reporting $0.16 earnings per share, exceeding the estimated $0.07 by $0.09.
• Norsk Hydro ASA's stock has a current market price of $6.76, with a one-year low of $4.50 and a high of $6.79.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have recently issued reports on NHYDY. Citigroup reaffirmed a "neutral" rating on shares of Norsk Hydro ASA in a research report on Wednesday, July 30th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th.

Norsk Hydro ASA Stock Performance

NHYDY stock traded down $0.15 during trading on Friday, hitting $6.67. 36,667 shares of the company's stock traded hands, compared to its average volume of 162,093. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $6.95. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.32 and a beta of 1.48. The company has a quick ratio of 1.27, a current ratio of 1.92 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $5.89.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued 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 company had revenue of $5.23 billion for the quarter, compared to analysts' expectations of $51.63 billion. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%. As a group, equities analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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.