Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Norsk Hydro ASA has received a consensus recommendation of "Moderate Buy" from five analysts, with three holding, one buying, and one strongly buying the stock.
• Recent earnings showed that the company reported $0.16 EPS for the quarter, surpassing the consensus estimate of $0.07, with a revenue of $5.23 billion.
• The stock is currently trading at $6.29, with a market capitalization of $12.44 billion and a price-to-earnings ratio of 13.98.

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

A number of brokerages have recently commented on NHYDY. Kepler Capital Markets lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Citigroup reissued a "neutral" rating on shares of Norsk Hydro ASA in a report on Wednesday, July 30th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Norsk Hydro ASA in a report on Monday, July 14th.

Norsk Hydro ASA Stock Performance

NHYDY stock traded up $0.1220 during mid-day trading on Wednesday, reaching $6.51. The company had a trading volume of 79,981 shares, compared to its average volume of 90,064. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12.88 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.30 and a beta of 1.50. Norsk Hydro ASA has a one year low of $4.50 and a one year high of $6.62. The stock's 50-day simple moving average is $6.02 and its two-hundred day simple moving average is $5.80.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.24% and a net margin of 4.37%. Research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS 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.