Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded by Goldman Sachs Group to “Buy”

Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to a buy rating in a report released on Wednesday morning, The Fly reports.

A number of other brokerages also recently issued reports on NHYDY. ValuEngine downgraded shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Deutsche Bank downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Zacks Investment Research downgraded shares of Norsk Hydro ASA from a hold rating to a sell rating in a research report on Saturday, September 7th. Finally, Citigroup downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Norsk Hydro ASA presently has an average rating of Hold and an average price target of $5.00.

Shares of Norsk Hydro ASA stock opened at $3.77 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.07 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $3.27 and its two-hundred day simple moving average is $3.77. The company has a market cap of $7.71 billion, a P/E ratio of 11.09, a PEG ratio of 2.89 and a beta of 0.90. Norsk Hydro ASA has a 12-month low of $2.93 and a 12-month high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). The company 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 2.14%. Analysts predict that Norsk Hydro ASA will post 0.16 EPS 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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