Analysts Set Nokia Oyj (NYSE:NOK) PT at $5.85

Nokia Oyj (NYSE:NOK - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.85.

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. StockNews.com cut shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Craig Hallum upped their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th.

Hedge Funds Weigh In On Nokia Oyj

Several hedge funds have recently modified their holdings of NOK. Checchi Capital Advisers LLC increased its holdings in Nokia Oyj by 14.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock valued at $91,000 after acquiring an additional 2,509 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Nokia Oyj by 11.0% in the first quarter. Parallel Advisors LLC now owns 25,781 shares of the technology company's stock worth $136,000 after purchasing an additional 2,556 shares during the last quarter. PDS Planning Inc lifted its position in shares of Nokia Oyj by 10.4% in the fourth quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock worth $125,000 after buying an additional 2,665 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in Nokia Oyj by 4.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company's stock valued at $293,000 after buying an additional 2,722 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Nokia Oyj by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after buying an additional 3,398 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company's stock.

Remove Ads

Nokia Oyj Stock Performance

NYSE NOK traded down $0.06 during trading hours on Friday, hitting $4.63. 32,359,699 shares of the company's stock traded hands, compared to its average volume of 17,462,785. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The firm has a market capitalization of $25.22 billion, a P/E ratio of 18.50, a P/E/G ratio of 6.43 and a beta of 0.97. The business's fifty day moving average price is $5.03 and its two-hundred day moving average price is $4.66.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Equities research analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.