Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Hold” from Brokerages

Shares of Norsk Hydro ASA (OTCMKTS:NHYDYGet Rating) have earned an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $87.00.

Several research analysts recently commented on NHYDY shares. Nordea Equity Research downgraded Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Norsk Hydro ASA from 85.00 to 78.00 in a research note on Wednesday, October 5th. JPMorgan Chase & Co. downgraded Norsk Hydro ASA from a “neutral” rating to an “underweight” rating in a research note on Friday, October 28th. Morgan Stanley increased their price objective on Norsk Hydro ASA from 85.00 to 93.00 in a research note on Friday, December 9th. Finally, Barclays reduced their price objective on Norsk Hydro ASA from 100.00 to 90.00 and set an “overweight” rating for the company in a research note on Friday, October 21st.

Norsk Hydro ASA Trading Up 1.5 %

Shares of NHYDY stock opened at $7.85 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.25. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 0.47 and a beta of 1.60. The stock has a 50 day simple moving average of $7.29 and a 200-day simple moving average of $6.56. Norsk Hydro ASA has a 1-year low of $5.13 and a 1-year high of $10.72.

Norsk Hydro ASA (OTCMKTS:NHYDYGet Rating) last announced its earnings results on Tuesday, October 25th. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.15. The business had revenue of $5.26 billion during the quarter. Norsk Hydro ASA had a return on equity of 25.91% and a net margin of 14.65%. On average, equities research analysts expect that Norsk Hydro ASA will post 1.15 EPS for the current fiscal year.

About Norsk Hydro ASA

(Get Rating)

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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