Analysts at Barclays initiated coverage on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a note issued to investors on Thursday, September 12th, The Fly reports. The firm set an “underweight” rating on the industrial products company’s stock.
Other equities research analysts have also issued reports about the company. Deutsche Bank lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Bank of America lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Friday, August 16th. Goldman Sachs Group raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 11th. Citigroup lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Monday, August 12th. Finally, ValuEngine lowered Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.00.
Shares of OTCMKTS:NHYDY traded down $0.07 during trading on Thursday, hitting $3.60. The company had a trading volume of 46,665 shares, compared to its average volume of 109,012. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. Norsk Hydro ASA has a one year low of $2.93 and a one year high of $6.21. The company has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $3.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.07.
Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $4.55 billion during the quarter. Norsk Hydro ASA had a net margin of 0.07% and a return on equity of 2.14%. On average, equities research analysts anticipate that Norsk Hydro ASA will post 0.16 earnings per share for the current 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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