Norsk Hydro ASA (NHYDY) Downgraded to “Hold” at Zacks Investment Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

A number of other research analysts also recently issued reports on NHYDY. ValuEngine upgraded shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group upgraded shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 26th. Finally, BNP Paribas upgraded shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 6th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Norsk Hydro ASA currently has a consensus rating of “Buy” and an average price target of $8.25.

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 7.352 on Tuesday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 21.687 and a beta of 0.91. Norsk Hydro ASA has a 12-month low of $4.00 and a 12-month high of $7.44. The firm has a 50-day moving average of $6.81 and a 200 day moving average of $6.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $2.89 billion for the quarter. Norsk Hydro ASA had a net margin of 6.16% and a return on equity of 6.57%. On average, equities research analysts expect that Norsk Hydro ASA will post $0.51 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Norsk Hydro ASA (NHYDY) Downgraded to “Hold” at Zacks Investment Research” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/09/19/norsk-hydro-asa-nhydy-downgraded-to-hold-at-zacks-investment-research.html.

About Norsk Hydro ASA

Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply