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

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get 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:NHYDY – Get 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

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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.