Norsk Hydro (NHYDY) Lifted to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of Norsk Hydro (OTCMKTS:NHYDY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Several other equities analysts have also commented on NHYDY. ValuEngine raised Norsk Hydro from a hold rating to a buy rating in a report on Monday, April 2nd. Zacks Investment Research raised Norsk Hydro from a hold rating to a buy rating and set a $7.75 price objective for the company in a report on Thursday, March 8th. Finally, UBS lowered Norsk Hydro from a buy rating to a neutral rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $7.50.

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OTCMKTS:NHYDY opened at $6.83 on Wednesday. The company has a market cap of $14,274.10, a PE ratio of 14.23, a P/E/G ratio of 0.48 and a beta of 0.97. Norsk Hydro has a 52 week low of $5.11 and a 52 week high of $7.93. 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 (OTCMKTS:NHYDY) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company had revenue of $5.07 billion during the quarter. Norsk Hydro had a return on equity of 9.39% and a net margin of 7.97%. equities research analysts anticipate that Norsk Hydro will post 0.77 EPS for the current year.

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About Norsk Hydro

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)

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