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

Nokia Oyj (NYSE:NOK) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.85.

NOK has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th.

Nokia Oyj Trading Up 0.1 %

NYSE:NOK opened at $5.00 on Tuesday. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The firm has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $4.74. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The company had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.0336 per share. This is an increase from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, May 5th. Nokia Oyj’s payout ratio is currently 53.33%.

Institutional Investors Weigh In On Nokia Oyj

Several hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Nokia Oyj by 15.3% during the third quarter. Tidal Investments LLC now owns 52,596 shares of the technology company’s stock valued at $230,000 after acquiring an additional 6,965 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Nokia Oyj by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock valued at $1,935,000 after purchasing an additional 5,190 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after purchasing an additional 702,279 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Nokia Oyj by 57.5% during the fourth quarter. GAMMA Investing LLC now owns 13,449 shares of the technology company’s stock valued at $60,000 after buying an additional 4,909 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in shares of Nokia Oyj in the 4th quarter valued at about $82,000. Institutional investors own 5.28% of the company’s stock.

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.