Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by Citigroup

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

NHYDY has been the topic of a number of other research reports. Goldman Sachs Group upgraded Norsk Hydro ASA from a “sell” rating to a “neutral” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. ValuEngine downgraded Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Deutsche Bank downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upgraded Norsk Hydro ASA from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.00.

Norsk Hydro ASA stock opened at $3.17 on Monday. 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’s 50-day moving average price is $3.52. The stock has a market cap of $6.54 billion, a P/E ratio of 9.32, a PEG ratio of 2.11 and a beta of 0.85. Norsk Hydro ASA has a fifty-two week low of $3.07 and a fifty-two week high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The firm had revenue of $4.55 billion for the quarter. Norsk Hydro ASA had a net margin of 0.07% and a return on equity of 2.10%. Analysts expect that Norsk Hydro ASA will post 0.17 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.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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