Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) has been assigned an average recommendation of "Hold" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $83.33.
NHYDY has been the subject of a number of research reports. Barclays cut their price objective on shares of Norsk Hydro ASA from 100.00 to 90.00 and set an "overweight" rating for the company in a research note on Friday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Norsk Hydro ASA from 85.00 to 78.00 in a research note on Wednesday, October 5th. Nordea Equity Research downgraded shares of Norsk Hydro ASA from a "hold" rating to a "sell" rating in a report on Monday, September 26th. JPMorgan Chase & Co. downgraded shares of Norsk Hydro ASA from a "neutral" rating to an "underweight" rating in a report on Friday, October 28th. Finally, Morgan Stanley lowered their price target on shares of Norsk Hydro ASA from 85.00 to 82.00 and set an "overweight" rating on the stock in a report on Friday, July 29th.
Get Norsk Hydro ASA alerts:Norsk Hydro ASA Price Performance
NHYDY stock opened at $7.36 on Friday. The firm has a 50 day simple moving average of $6.25 and a two-hundred day simple moving average of $6.51. The stock has a market cap of $15.09 billion, a PE ratio of 7.39, a P/E/G ratio of 0.28 and a beta of 1.59. Norsk Hydro ASA has a one year low of $5.13 and a one year high of $10.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 1.35.
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.15. Norsk Hydro ASA had a net margin of 9.94% and a return on equity of 21.52%. The firm had revenue of $5.26 billion for the quarter. On average, analysts predict that Norsk Hydro ASA will post 1.12 EPS for the current fiscal year.Norsk Hydro ASA Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 22nd were given a $0.1134 dividend. The ex-dividend date was Wednesday, September 21st. This represents a yield of 8.49%.
About Norsk Hydro ASA
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Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.
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