Kepler Capital Markets Upgrades Marine Harvest ASA (OTCMKTS:MHGVY) to Strong-Buy
by Teresa Graham · The Cerbat GemMarine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.
Separately, Pareto Securities raised shares of Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Get Our Latest Analysis on Marine Harvest ASA
Marine Harvest ASA Trading Up 1.3%
Shares of OTCMKTS:MHGVY opened at $21.15 on Friday. Marine Harvest ASA has a 52-week low of $18.27 and a 52-week high of $24.86. The company has a market capitalization of $11.15 billion, a P/E ratio of 11.25 and a beta of 0.92. The company has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $22.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93.
Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 12.23%.
Marine Harvest ASA Company Profile
Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.
Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.