Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $7.50 price target on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 16.05% from the stock’s previous close.
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. “
NHYDY has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered shares of Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 14th. Goldman Sachs Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Friday, December 8th. UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, ValuEngine lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Norsk Hydro ASA presently has a consensus rating of “Hold” and an average target price of $7.50.
Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Norsk Hydro ASA had a net margin of 7.97% and a return on equity of 9.50%. The business had revenue of $5.07 billion for the quarter. equities analysts forecast that Norsk Hydro ASA will post 0.67 earnings per share for the current year.
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Norsk Hydro ASA Company Profile
Norsk Hydro ASA (Hydro) is an integrated aluminum company with operations in various activities along the aluminum industry’s value chain. The Company operates through six segments: Bauxite & Alumina, which includes bauxite mining activities, production of alumina and related commercial activities, primarily the sale of alumina; Primary Metal, which includes primary aluminum production and casting activities; Metal Markets, which include sales activities relating to products from the its primary metal plants and operational responsibility for Hydro’s stand-alone remelters, as well as physical and financial metal trading activities; Rolled Products, which include Hydro’s rolling mills; Energy, which includes energy sourcing for Hydro’s aluminum operations around the world, and Other and eliminations, which consists of its captive insurance company Industriforsikring, its industry parks, internal service providers, operation of Sapa and other activities.
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