Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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. “
A number of other analysts have also weighed in on the company. Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Friday, January 18th. ValuEngine raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Nordea Equity Research lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.00.
Norsk Hydro ASA stock opened at $4.02 on Tuesday. Norsk Hydro ASA has a twelve month low of $3.90 and a twelve month high of $7.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.71. The firm has a market cap of $8.22 billion, a PE ratio of 11.82, a P/E/G ratio of 1.10 and a beta of 0.82.
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 analysts’ consensus estimates of $0.03 by ($0.04). Norsk Hydro ASA had a return on equity of 6.22% and a net margin of 2.79%. The company had revenue of $4.54 billion for the quarter. Analysts predict that Norsk Hydro ASA will post 0.4 EPS for the current 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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