Orkla ASA - ORKLY Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Orkla ASA in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ORKLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORKLY, but not buy additional shares or sell existing shares.
View ORKLY analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1 year price objectives for Orkla ASA's shares. Their ORKLY share price forecasts range from $73.00 to $73.00. On average, they anticipate the company's share price to reach $73.00 in the next year. This suggests a possible upside of 887.8% from the stock's current price.
View analysts price targets for ORKLY or view top-rated stocks among Wall Street analysts.

Orkla ASA's stock was trading at $7.19 on January 1st, 2023. Since then, ORKLY shares have increased by 2.8% and is now trading at $7.39.
View the best growth stocks for 2023 here.

Orkla ASA saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 42,800 shares, an increase of 60.9% from the December 15th total of 26,600 shares. Based on an average daily volume of 173,900 shares, the short-interest ratio is currently 0.2 days.
View Orkla ASA's Short Interest.

Orkla ASA (OTCMKTS:ORKLY) issued its quarterly earnings data on Thursday, April, 29th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $1.35 billion for the quarter. Orkla ASA had a trailing twelve-month return on equity of 13.66% and a net margin of 9.16%.
Read the conference call transcript.

Orkla ASA announced a dividend on Thursday, April 14th. Stockholders of record on Friday, April 22nd will be given a dividend of $0.2667 per share on Friday, May 13th. This represents a yield of 2.99%. The ex-dividend date is Thursday, April 21st.
Read our dividend analysis for ORKLY.

Orkla ASA (OTCMKTS:ORKLY) pays an annual dividend of $0.22 per share and currently has a dividend yield of 2.97%. The dividend payout ratio is 39.29%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ORKLY.

Orkla ASA trades on the OTCMKTS under the ticker symbol "ORKLY."

Shares of ORKLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ORKLY stock can currently be purchased for approximately $7.39.

Orkla ASA (OTCMKTS:ORKLY) has a market capitalization of $7.40 billion and generates $5.87 billion in revenue each year. The company earns $559.65 million in net income (profit) each year or $0.56 on an earnings per share basis.

The company employs 21,423 workers across the globe.

Orkla ASA's mailing address is Nedre Sk¿¿yenvei 26, Oslo Q8, 213. The official website for the company is www.orkla.com. The company can be reached via phone at (472) 254-4000, via email at info@orkla.no, or via fax at 47-2254-4490.