Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to Neutral at Bank of America

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

NHYDY has been the topic of a number of other reports. JPMorgan Chase & Co. raised Norsk Hydro ASA from a “neutral” rating to an “overweight” rating in a research report on Tuesday, May 21st. Zacks Investment Research raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. ValuEngine downgraded Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Goldman Sachs Group raised Norsk Hydro ASA from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.00.

Norsk Hydro ASA stock opened at $3.01 on Friday. The business has a fifty day moving average of $3.50 and a two-hundred day moving average of $3.91. The firm has a market cap of $6.49 billion, a P/E ratio of 8.85, a P/E/G ratio of 2.10 and a beta of 0.85. The company has a quick ratio of 0.87, a current ratio of 1.57 and a debt-to-equity ratio of 0.12. Norsk Hydro ASA has a twelve month low of $2.96 and a twelve month high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $4.55 billion for the quarter. Norsk Hydro ASA had a return on equity of 2.10% and a net margin of 0.07%. Equities analysts expect that Norsk Hydro ASA will post 0.17 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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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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