Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.
Several equities analysts have recently weighed in on the company. Zacks Research lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th.
View Our Latest Analysis on NHYDY
Norsk Hydro ASA Stock Performance
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. On average, equities research analysts forecast that Norsk Hydro ASA will post 0.91 earnings per share for the current year.
Norsk Hydro ASA Company Profile
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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