Norsk Hydro ASA (NHYDY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.25.

A number of research firms have recently commented on NHYDY. Zacks Investment Research cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. BNP Paribas upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 6th. Credit Suisse Group upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 7.385 on Wednesday. The company has a 50 day moving average of $6.69 and a 200 day moving average of $5.96. The firm has a market capitalization of $15.10 billion, a P/E ratio of 22.311 and a beta of 0.91. Norsk Hydro ASA has a 1-year low of $3.87 and a 1-year high of $7.42.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $2.89 billion for the quarter. Norsk Hydro ASA had a return on equity of 6.57% and a net margin of 6.16%. On average, equities research analysts anticipate that Norsk Hydro ASA will post $0.51 earnings per share for the current year.

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