Norsk Hydro ASA (NHYDY) Rating Lowered to Sell at Goldman Sachs Group

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “sell” rating in a research note issued to investors on Friday, The Fly reports.

Several other research analysts have also recently issued reports on the company. ValuEngine raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday, November 8th. Morgan Stanley raised Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. cut Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Norsk Hydro ASA presently has an average rating of “Hold” and an average target price of $6.00.

Shares of NHYDY stock opened at $4.77 on Friday. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.11. Norsk Hydro ASA has a fifty-two week low of $4.32 and a fifty-two week high of $7.79.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $4.87 billion during the quarter. Norsk Hydro ASA had a return on equity of 9.49% and a net margin of 5.17%. On average, research analysts anticipate that Norsk Hydro ASA will post 0.44 earnings per share for the current 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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