Norsk Hydro ASA (NHYDY) Rating Increased to Buy at Nordea Equity Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by research analysts at Nordea Equity Research from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.

Several other research analysts have also recently weighed in on NHYDY. ValuEngine raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Friday, January 18th. Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Macquarie started coverage on Norsk Hydro ASA in a research report on Thursday, March 7th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.00.

NHYDY stock opened at $4.02 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.24 billion, a PE ratio of 11.82, a PEG ratio of 1.06 and a beta of 0.74. Norsk Hydro ASA has a fifty-two week low of $3.78 and a fifty-two week high of $7.05.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Thursday, February 7th. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $4.54 billion for the quarter. Norsk Hydro ASA had a return on equity of 6.32% and a net margin of 2.79%. As a group, equities research analysts anticipate that Norsk Hydro ASA will post 0.4 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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