Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) have earned an average rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.
Several research analysts recently issued reports on the stock. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th.
Read Our Latest Research Report on Norsk Hydro ASA
Norsk Hydro ASA Trading Up 0.8%
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 12.01%. Sell-side analysts forecast that Norsk Hydro ASA will post 0.9 earnings per share for the current fiscal year.
About Norsk Hydro ASA
Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.
In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.
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