Citigroup Lowers Norsk Hydro ASA (OTCMKTS:NHYDY) to Neutral

Citigroup cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a neutral rating in a report issued on Monday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank cut Norsk Hydro ASA from a buy rating to a hold rating in a report on Wednesday, July 10th. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a report on Wednesday, May 8th. ValuEngine cut Norsk Hydro ASA from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. Zacks Investment Research raised Norsk Hydro ASA from a sell rating to a hold rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised Norsk Hydro ASA from a neutral rating to an overweight rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $5.00.

OTCMKTS:NHYDY opened at $3.01 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.57 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $3.50 and its two-hundred day simple moving average is $3.91. The stock has a market cap of $6.16 billion, a PE ratio of 8.85, a P/E/G ratio of 2.06 and a beta of 0.85. Norsk Hydro ASA has a 52 week low of $2.96 and a 52 week high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). The business had revenue of $4.55 billion for the quarter. Norsk Hydro ASA had a net margin of 0.07% and a return on equity of 2.10%. Sell-side analysts anticipate that Norsk Hydro ASA will post 0.17 earnings per share for the current fiscal year.

About Norsk Hydro ASA

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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