Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Buy” from Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has earned an average rating of “Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company.

A number of equities analysts have recently issued reports on NHYDY shares. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 17th. The Goldman Sachs Group cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th.

Norsk Hydro ASA Trading Down 2.2%

Shares of NHYDY stock opened at $6.09 on Friday. Norsk Hydro ASA has a 52-week low of $4.50 and a 52-week high of $6.62. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.29 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.65. The firm has a fifty day moving average of $5.77 and a 200-day moving average of $5.75.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.37%. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $51.63 billion. On average, equities research analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Norsk Hydro ASA Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.1442 per share. This represents a dividend yield of 2.68%. The ex-dividend date was Tuesday, May 13th. Norsk Hydro ASA’s dividend payout ratio (DPR) is currently 33.33%.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.