Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to “Neutral” at Bank of America

Bank of America lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a neutral rating in a report issued on Friday, The Fly reports.

Other equities analysts also recently issued reports about the stock. Goldman Sachs Group raised shares of Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Deutsche Bank downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research note on Wednesday, July 10th. Citigroup downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Monday, August 12th. ValuEngine downgraded shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of Norsk Hydro ASA from a sell rating to a hold rating in a research note on Tuesday. One 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. Norsk Hydro ASA presently has a consensus rating of Hold and a consensus price target of $5.00.

Norsk Hydro ASA stock traded down $0.05 during mid-day trading on Friday, hitting $2.96. The company’s stock had a trading volume of 140,600 shares, compared to its average volume of 82,285. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 0.87. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85. The business has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.90. Norsk Hydro ASA has a 12 month low of $2.93 and a 12 month 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 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $4.55 billion during the quarter. Norsk Hydro ASA had a return on equity of 2.10% and a net margin of 0.07%. On average, equities research analysts expect 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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