Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 1-Year High - Still a Buy?

Key Points

• New 52-week high: Norsk Hydro's ADR hit $11.82 (up about 3.6% from the prior close) during Tuesday trading, marking a fresh 52-week high.
• Mixed analyst sentiment: MarketBeat shows an average rating of "Hold" (1 Strong Buy, 4 Buy, 5 Hold, 2 Sell) with recent notable moves including RBC upgrading to "outperform" while several banks trimmed ratings.
• Quarterly results and valuation: Q1 EPS of $0.21 beat estimates ($0.17) though revenue of $5.18B missed consensus, and the company trades at a market cap of $23.37B with a P/E of 37.85 and PEG of 0.74.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $11.82 and last traded at $11.82, with a volume of 45843 shares changing hands. The stock had previously closed at $11.40.

Analysts Set New Price Targets

A number of research firms recently commented on NHYDY. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft lowered shares of Norsk Hydro ASA from a "buy" rating to a "hold" rating in a report on Tuesday, April 14th. UBS Group lowered shares of Norsk Hydro ASA from a "buy" rating to a "neutral" rating in a report on Thursday, April 9th. Danske lowered shares of Norsk Hydro ASA from a "hold" rating to a "sell" rating in a report on Friday, April 17th. Finally, Zacks Research upgraded shares of Norsk Hydro ASA from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold".

Norsk Hydro ASA Stock Up 3.6%

The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $23.37 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. The company's fifty day simple moving average is $10.22 and its 200 day simple moving average is $8.66.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.42 billion. Research analysts expect that Norsk Hydro ASA will post 1.19 EPS 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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