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

Shares of Nokia Oyj (NYSE:NOK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.85.

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. StockNews.com raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Finally, Craig Hallum boosted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, January 6th.

Nokia Oyj Stock Performance

Shares of NYSE NOK traded up $0.01 during trading on Tuesday, reaching $4.98. 13,927,538 shares of the company traded hands, compared to its average volume of 17,817,310. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.15 billion, a P/E ratio of 19.92, a PEG ratio of 6.43 and a beta of 0.97. The firm's fifty day simple moving average is $5.09 and its 200 day simple moving average is $4.73.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the company posted $0.09 EPS. The company's revenue was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.0336 per share. This represents a $0.13 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. Nokia Oyj's dividend payout ratio is currently 53.33%.

Institutional Investors Weigh In On Nokia Oyj

Large investors have recently made changes to their positions in the stock. Wealthquest Corp acquired a new position in Nokia Oyj during the first quarter worth $27,000. Farther Finance Advisors LLC boosted its position in shares of Nokia Oyj by 58.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock valued at $38,000 after acquiring an additional 2,651 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at about $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj during the fourth quarter worth about $46,000. Finally, Wedmont Private Capital purchased a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $47,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Company Profile

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.