Norsk Hydro ASA (OTCMKTS:NHYDY) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a research report report published on Monday, The Fly reports. The brokerage issued a buy rating on the industrial products company’s stock.

NHYDY has been the topic of a number of other reports. UBS Group lowered Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, January 15th. Exane BNP Paribas upgraded Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Tuesday, December 15th. Zacks Investment Research lowered Norsk Hydro ASA from a buy rating to a hold rating in a research report on Saturday, March 13th. JPMorgan Chase & Co. restated a neutral rating on shares of Norsk Hydro ASA in a research report on Tuesday, March 16th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Norsk Hydro ASA in a research report on Wednesday, March 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $6.75.

Shares of NHYDY opened at $6.67 on Monday. Norsk Hydro ASA has a 1 year low of $1.90 and a 1 year high of $6.82. The company has a current ratio of 2.22, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $4.55. The stock has a market cap of $13.65 billion, a PE ratio of -35.11, a PEG ratio of 0.32 and a beta of 1.57.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Friday, February 12th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. Norsk Hydro ASA had a positive return on equity of 1.94% and a negative net margin of 2.65%. The business had revenue of $4.63 billion during the quarter. On average, sell-side analysts forecast that Norsk Hydro ASA will post 0.14 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates through six segments: Bauxite & Alumina, Aluminium Metal, Metal Markets, Rolling, Extrusions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

See Also: Dividend Reinvestment Plan (DRIP)

The Fly

Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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