KIANEWS Raymond James raises Nokia Oyj to $7
30. 01. 2023 Monday / By: Robert Denes / Business / Exact time: BST / Print this page
N okia Oyj had its price objective raised by Raymond James from $6.50 to $7.00, Benzinga reports. Raymond James currently outperforms the technology company's stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Nokia Oyj from €6.00 ($6.52) to €5.50 ($5.98) and set a buy rating for the company in a research note on Wednesday, November 9th. for. Morgan Stanley started coverage on Nokia Oyj in a research note on Tuesday, November 8th.
A rating of equal weight was given to the company. StockNews.com raised Nokia Oyj from a hold rating to a buy rating in a research note on Tuesday, November 1st. DNB Markets cut Nokia Oyj from a buy rating to a hold rating in a report on Tuesday, January 17th. Finally, Societe Generale reduced their price objective on Nokia Oyj from €5.80 ($6.30) to €5.40 ($5.87) and set a buy rating on the stock in a report on Tuesday, October 25th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating. The company presently has a consensus rating of Moderate Buy and a consensus target price of $5.88, according to MarketBeat.com.
NOK opened at $4.73 on the NYSE on Friday. The stock has a 50 day simple moving average of $4.78 and a two hundred day simple moving average of $4.75. The company has a market capitalization of $26.64 billion, a P/E ratio of 6.06, a PEG ratio of 6.01, and a beta of 0.90. Nokia Oyj has a fifty-two week low of $4.08 and a fifty-two week high of $6.00. The company's debt-to-equity ratio is 0.23, quick ratio is 1.36, and current ratio is 1.60.
Nokia Oyj ( NYSE:NOK - Get Rating ) last issued its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Nokia Oyj achieved a return on equity of 12.77% and a net margin of 16.73%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ estimates of $7.10 billion. In the same quarter last year, the business posted EPS of $0.15. The company's sales revenue increased by 16.1% compared to the same period of the previous year. On average, equities analysts predict that Nokia Oyj will post 0.46 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in NOK. Folketrygdfondet raised its stake in Nokia Oyj by 18,847.2% in the second quarter. Folketrygdfondet now owns 17,897,919 shares of the technology company’s stock worth $82,510,000 after buying an additional 17,803,457 shares in the last quarter. Bank of Montreal Can raised its stake in Nokia Oyj by 235.5% in the second quarter. Bank of Montreal Can now owns 17,376,848 shares of the technology company’s stock valued at $84,589,000 after buying an additional 12,198,025 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Nokia Oyj by 11.1% in the second quarter.
Artisan Partners Limited Partnership now owns 77,792,262 shares of the technology company’s stock valued at $358,622,000 after purchasing an additional 7,779,441 shares during the last quarter. Capital Growth Management LP acquired a new position in Nokia Oyj during the third quarter valued at approximately $29,250,000. Finally, Renaissance Technologies LLC raised its stake in Nokia Oyj by 30.2% in the third quarter. Renaissance Technologies LLC now owns 18,990,180 shares of the technology company’s stock valued at $81,088,000 after purchasing an additional 4,409,180 shares during the last quarter. 7.57% of the shares are currently owned by institutional investors and hedge funds. Renaissance Technologies LLC now owns 18,990,180 shares of the technology company’s stock valued at $81,088,000 after purchasing an additional 4,409,180 shares during the last quarter. 7.57% of the shares are currently owned by institutional investors and hedge funds.
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