Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $6.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 18.93% from the stock’s current price.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Several other research firms have also weighed in on NHYDY. ValuEngine lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 3rd. Morgan Stanley raised shares of Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, July 16th. Finally, Goldman Sachs Group raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Sunday, October 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $6.00.
Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Norsk Hydro ASA had a net margin of 5.17% and a return on equity of 9.49%. The business had revenue of $4.87 billion for the quarter. Analysts expect that Norsk Hydro ASA will post 0.46 EPS for the current fiscal year.
Norsk Hydro ASA Company Profile
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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