Norsk Hydro (NHYDY) Given Average Recommendation of “Hold” by Brokerages

Norsk Hydro (OTCMKTS:NHYDY) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company.

A number of research analysts have recently commented on NHYDY shares. Zacks Investment Research upgraded Norsk Hydro from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Thursday, March 8th. ValuEngine lowered Norsk Hydro from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Deutsche Bank raised Norsk Hydro from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Finally, Goldman Sachs Group lowered Norsk Hydro from a “neutral” rating to a “sell” rating in a research report on Monday, May 7th.

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Norsk Hydro traded down $0.05, hitting $6.18, on Monday, according to MarketBeat Ratings. 9,150 shares of the company’s stock were exchanged, compared to its average volume of 43,434. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.01. Norsk Hydro has a 52 week low of $5.11 and a 52 week high of $7.93. The stock has a market capitalization of $13.07 billion, a PE ratio of 12.88, a PEG ratio of 0.45 and a beta of 0.95.

Norsk Hydro (OTCMKTS:NHYDY) last released its earnings results on Wednesday, April 25th. The industrial products company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Norsk Hydro had a return on equity of 10.19% and a net margin of 7.10%. The firm had revenue of $5.15 billion during the quarter. sell-side analysts expect that Norsk Hydro will post 0.76 earnings per share for the current year.

Norsk Hydro 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.

Analyst Recommendations for Norsk Hydro (OTCMKTS:NHYDY)