Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Rating of "Moderate Buy" by 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.

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

A number of equities research analysts have recently weighed in on NHYDY shares. Citigroup restated a "neutral" rating on shares of Norsk Hydro ASA in a research report on Wednesday, July 30th. Kepler Capital Markets cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research note on Monday, July 14th.

Norsk Hydro ASA Price Performance

Shares of NHYDY stock opened at $6.76 on Friday. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $6.79. 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 firm's 50 day moving average is $6.30 and its 200-day moving average is $5.86. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.32 and a beta of 1.48.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.