Norsk Hydro ASA (OTCMKTS:NHYDY) Raised to Outperform at Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded Norsk Hydro ASA from "sector perform" to "outperform," indicating a more positive view from a major analyst.
• Analyst coverage is mixed with an average rating of "Hold" — four Buys, three Holds and three Sells — reflecting divergent opinions among research firms.
• Norsk Hydro reported an earnings beat (EPS $0.07 vs $0.03 est.; revenue $4.98B vs $4.82B) while the stock traded down ~2.6% at $9.07, with a market cap of $17.9B and a 52‑week range of $4.50–$10.20.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was upgraded by equities researchers at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a report issued on Friday.

A number of other research firms have also recently weighed in on NHYDY. Wall Street Zen cut shares of Norsk Hydro ASA from a "buy" rating to a "hold" rating in a report on Friday, February 27th. Morgan Stanley restated an "overweight" rating on shares of Norsk Hydro ASA in a research report on Tuesday, February 24th. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Zacks Research cut Norsk Hydro ASA from a "strong-buy" rating to a "strong sell" rating in a report on Friday, January 23rd. Finally, Citigroup raised Norsk Hydro ASA from a "neutral" rating to a "buy" rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Norsk Hydro ASA presently has an average rating of "Hold".

Norsk Hydro ASA Trading Down 2.6%

Shares of Norsk Hydro ASA stock opened at $9.07 on Friday. The stock has a 50 day moving average of $9.06 and a 200 day moving average of $7.80. 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 fifty-two week low of $4.50 and a fifty-two week high of $10.20. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.47 and a beta of 1.11.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. As a group, research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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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