Zacks Investment Research Lowers Norsk Hydro ASA (NHYDY) to Sell

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

A number of other research analysts have also recently commented on the company. ValuEngine raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Deutsche Bank raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Goldman Sachs Group cut Norsk Hydro ASA from a “neutral” rating to a “sell” rating in a research note on Monday, May 7th. Finally, UBS Group raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Shares of Norsk Hydro ASA opened at $6.58 on Friday, according to Marketbeat.com. The company has a current ratio of 1.78, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Norsk Hydro ASA has a 1-year low of $5.11 and a 1-year high of $7.93. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 0.47 and a beta of 0.95.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Norsk Hydro ASA had a return on equity of 10.01% and a net margin of 7.10%. The company had revenue of $5.15 billion for the quarter. analysts predict that Norsk Hydro ASA will post 0.76 EPS for the current fiscal year.

Norsk Hydro ASA 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.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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