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

Shares of Norsk Hydro (OTCMKTS:NHYDY) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company.

NHYDY has been the subject of several research reports. Deutsche Bank upgraded shares of Norsk Hydro from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. ValuEngine upgraded shares of Norsk Hydro from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of Norsk Hydro from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Wednesday, March 14th. Finally, Goldman Sachs lowered shares of Norsk Hydro from a “neutral” rating to a “sell” rating in a research report on Monday, May 7th.

Shares of Norsk Hydro opened at $6.32 on Monday, according to MarketBeat.com. The stock has a market capitalization of $12.92 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.01. Norsk Hydro has a 52-week low of $5.11 and a 52-week high of $7.93.

Norsk Hydro (OTCMKTS:NHYDY) last posted its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Norsk Hydro had a net margin of 7.10% and a return on equity of 10.19%. The company had revenue of $5.15 billion during the quarter. equities research analysts expect that Norsk Hydro will post 0.76 EPS for the current fiscal year.

About Norsk Hydro

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.

Analyst Recommendations for Norsk Hydro (OTCMKTS:NHYDY)

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