Norsk Hydro ASA (NHYDY) Receives Consensus Recommendation of “Hold” from Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company.

Several brokerages recently weighed in on NHYDY. Nordea Equity Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Macquarie began coverage on Norsk Hydro ASA in a research report on Thursday, March 7th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Friday, January 18th.

OTCMKTS:NHYDY traded down $0.16 during trading hours on Friday, reaching $4.09. 23,986 shares of the company traded hands, compared to its average volume of 56,621. The stock has a market cap of $8.29 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 1.59. Norsk Hydro ASA has a 1-year low of $3.78 and a 1-year high of $7.05.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Thursday, February 7th. The industrial products company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Norsk Hydro ASA had a return on equity of 6.32% and a net margin of 2.79%. The business had revenue of $4.54 billion for the quarter. As a group, equities research analysts predict that Norsk Hydro ASA will post 0.4 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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