Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by Deutsche Bank

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Deutsche Bank lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research note published on Wednesday, The Fly reports.

A number of other research firms have also recently weighed in on NHYDY. Goldman Sachs Group raised shares of Norsk Hydro ASA from a sell rating to a neutral rating in a report on Wednesday, May 8th. Nordea Equity Research upgraded shares of Norsk Hydro ASA from a hold rating to a buy rating in a research report on Friday, March 15th. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Citigroup reiterated a buy rating on shares of Rolls-Royce in a research report on Monday, April 8th. Finally, Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Norsk Hydro ASA presently has a consensus rating of Hold and an average target price of $5.00.

NHYDY opened at $3.63 on Wednesday. Norsk Hydro ASA has a fifty-two week low of $3.45 and a fifty-two week high of $6.21. The company has a quick ratio of 0.87, a current ratio of 1.57 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $3.63. The stock has a market capitalization of $7.30 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.82.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, June 5th. The industrial products company reported $0.01 earnings per share for the quarter. Norsk Hydro ASA had a net margin of 1.50% and a return on equity of 4.22%. The company had revenue of $4.40 billion during the quarter. On average, analysts predict that Norsk Hydro ASA will post 0.2 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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