Norsk Hydro ASA - NHYDY Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Norsk Hydro ASA in the last year. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NHYDY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NHYDY, but not buy additional shares or sell existing shares.
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10 Wall Street analysts have issued 1-year price targets for Norsk Hydro ASA's shares. Their NHYDY share price forecasts range from $52.00 to $94.00. On average, they predict the company's stock price to reach $82.25 in the next year. This suggests a possible upside of 1,089.4% from the stock's current price.
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Norsk Hydro ASA's stock was trading at $7.53 on January 1st, 2023. Since then, NHYDY shares have decreased by 8.2% and is now trading at $6.9150.
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Norsk Hydro ASA saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 76,400 shares, a drop of 21.7% from the January 31st total of 97,600 shares. Based on an average trading volume of 236,700 shares, the days-to-cover ratio is currently 0.3 days.
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Norsk Hydro ASA (OTCMKTS:NHYDY) announced its earnings results on Tuesday, February, 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02. The industrial products company had revenue of $4.44 billion for the quarter. Norsk Hydro ASA had a trailing twelve-month return on equity of 21.51% and a net margin of 11.61%.

Norsk Hydro ASA announced a dividend on Friday, September 16th. Investors of record on Thursday, September 22nd will be given a dividend of $0.1134 per share on Friday, October 7th. This represents a yield of 8.49%. The ex-dividend date of this dividend is Wednesday, September 21st.
Read our dividend analysis for NHYDY.

Norsk Hydro ASA (OTCMKTS:NHYDY) pays an annual dividend of $0.50 per share and currently has a dividend yield of 7.13%. NHYDY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NHYDY will have a dividend payout ratio of 37.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NHYDY.

Norsk Hydro ASA trades on the OTCMKTS under the ticker symbol "NHYDY."

Shares of NHYDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NHYDY stock can currently be purchased for approximately $6.92.

Norsk Hydro ASA (OTCMKTS:NHYDY) has a market capitalization of $14.18 billion and generates $22.30 billion in revenue each year. The industrial products company earns $2.55 billion in net income (profit) each year or $1.24 on an earnings per share basis.

The company employs 3,493 workers across the globe.

Norsk Hydro ASA's mailing address is DRAMMENSVEIEN 260, OSLO Q8, N-0240. The official website for the company is www.hydro.com. The industrial products company can be reached via phone at (472) 253-8100, via email at investor.relations@hydro.com, or via fax at 47-2253-7930.