Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 52-Week High - Still a Buy?

Key Points

• 52-week high: Norsk Hydro's ADR hit a new 52-week high, trading as high as $11.19 (last $11.11) on Tuesday with roughly 60,500 shares changing hands.
• Analyst views are mixed — Goldman Sachs upgraded the stock to a "strong-buy" while firms like Zacks and Kepler moved it lower, and MarketBeat's consensus rating remains Hold.
• Norsk Hydro beat expectations last quarter (EPS $0.07 vs. $0.03 est., revenue $4.98B vs. $4.82B), with a market cap of $21.6B and a P/E of 35.29.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.19 and last traded at $11.11, with a volume of 60474 shares trading hands. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NHYDY shares. Zacks Research lowered Norsk Hydro ASA from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, January 23rd. Wall Street Zen lowered Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research note on Friday, February 27th. The Goldman Sachs Group raised Norsk Hydro ASA from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. Finally, Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Norsk Hydro ASA Stock Performance

The company's 50 day moving average is $9.42 and its 200 day moving average is $8.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The firm has a market cap of $21.64 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.68 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its 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. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The business had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.82 billion. As a group, equities analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

About Norsk Hydro ASA

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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