Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

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 analysts have also recently commented on NHYDY. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a buy rating in a research note on Tuesday, May 21st. Nordea Equity Research upgraded shares of Norsk Hydro ASA from a hold rating to a buy rating in a research note on Friday, March 15th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Finally, Citigroup restated a buy rating on shares of Rolls-Royce in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $5.00.

Shares of NHYDY stock opened at $3.57 on Tuesday. The firm has a market capitalization of $7.30 billion, a PE ratio of 10.50, a P/E/G ratio of 1.82 and a beta of 0.82. The company has a current ratio of 1.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $3.63. Norsk Hydro ASA has a one year low of $3.45 and a one year high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.01 EPS for the quarter. The firm had revenue of $4.40 billion during the quarter. Norsk Hydro ASA had a net margin of 1.50% and a return on equity of 4.22%. On average, research analysts expect that Norsk Hydro ASA will post 0.22 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

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.

Further Reading: What is Cost of Goods Sold (COGS)?

Get a free copy of the Zacks research report on Norsk Hydro ASA (NHYDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.