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.
About Norsk Hydro ASA
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