UBS Group Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Neutral

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Thursday.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS:NHYDY opened at $11.10 on Thursday. The firm has a fifty day moving average of $9.50 and a two-hundred day moving average of $8.14. The firm has a market capitalization of $21.96 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $11.19. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.82 billion. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. On average, equities analysts expect that Norsk Hydro ASA will post 0.72 EPS 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.