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. Citigroup cut shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Monday, August 12th. ValuEngine cut shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Bank of America downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Friday, August 16th. Deutsche Bank lowered shares of Norsk Hydro ASA from a buy rating to a hold rating in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $5.00.
Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a return on equity of 2.14% and a net margin of 0.07%. The business had revenue of $4.55 billion for the quarter. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.16 earnings per share 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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