Revision in Analysts' Earnings Estimates: Nokia Corporation (NOK)

Joanna Estrada
September 23, 2017

07/27/2017 - Nokia Corporation had its "hold" rating reiterated by analysts at Canaccord Genuity. Baystate Wealth Mgmt Lc accumulated 418 shares or 0% of the stock. About 43,700 shares traded.

Folketrygdfondet decreased its stake in Nokia Corp (NOK) by 13.22% based on its latest 2017Q2 regulatory filing with the SEC. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move. It has outperformed by 2.84% the S&P500.The move comes after 5 months negative chart setup for the $35.42 billion company. With a return potential of 8.3%, the stock's consensus target price stands at $6.51. Nokia Oyj (ADR) (NYSE:NOK) has risen 19.54% since September 21, 2016 and is uptrending. It has outperformed by 2.84% the S&P500. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Investors sentiment increased to 1.02 in Q2 2017. Its up 0.06, from 1.13 in 2017Q1. It dived, as 41 investors sold WPX shares while 74 reduced holdings. 11 funds opened positions while 7 raised stakes. Capstone Asset Management holds 0.01% or 31,000 shares in its portfolio. Next Financial Group, Inc now controls 15,185 shares with a value of $94,000,000. Jacobs Levy Equity Mngmt Incorporated holds 295,680 shares or 0.43% of its portfolio. Blackrock has invested 0% in Garrison Capital Inc (NASDAQ:GARS). Sg Americas Limited Co owns 114,036 shares. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, July 26. Wells Fargo And Mn holds 91 shares or 0% of its portfolio. Peak6 Invests Lp invested in 0% or 40,562 shares.

According to Zacks brokerage recommendations, Nokia Corporation (NYSE:NOK)'s Buy count is 0 and Strong Buy is 2 while the number of analysts recommending Sell and Strong Sell are 0 and 6, respectively. Therefore 100% are positive. Valero Energy Corporation had 47 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has "Buy" rating by KeyBanc Capital Markets given on Thursday, July 27. As per Tuesday, February 7, the company rating was upgraded by Morgan Stanley. Northland Capital has "Buy" rating and $20000 target.

Valhi, Inc. (VHI) stock moved with shift of 3.04% in the past week. Piper Jaffray maintained Tyler Technologies, Inc. Stephens has "Overweight" rating and $16 target. The rating was downgraded by Seaport Global to "Sell" on Wednesday, March 30.

Currently Nokia Corp (NYSE:NOK)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%. DE acquired a new position in shares of Nokia Oyj in the 2nd quarter worth approximately $119,000. Analysts anticipate that Nokia Corporation will post $0.30 EPS for the current fiscal year. NOK's profit will be $351.57 million for 25.21 P/E if the $0.06 EPS becomes a reality. This is assuming the current $0.06 EPS is accurate. More interesting news about Nokia Oyj (ADR) (NYSE:NOK) were released by: Investorplace.com and their article: "How Nokia Oyj (ADR) (NOK) Stock Can Jump Another 50%" published on May 23, 2017 as well as Investorplace.com's news article titled: "Why Nokia Oyj (ADR) (NOK) Stock Is Mediocre At Best" with publication date: June 15, 2017. Hs Management Prtnrs Ltd owns 2.61 million shares.

Now the shares of Nokia Corporation (NOK) has the trading volume of 13.61 Million shares with the average trading volume of 12630 shares. Therefore 85% are positive. The firm has "Buy" rating by Nomura given on Wednesday, August 16. In this case performance of tends to percentage rate of return for a stock for a given time frame. The rating was upgraded by Nordea to "Sell" on Tuesday, September 1. Argus Research upgraded the shares of NOK in report on Monday, January 18 to "Buy" rating. The company was maintained on Wednesday, May 11 by M Partners.

What Historical Figures Say About Nokia Corporation (NYSE:NOK)? The rating was initiated by Citigroup with "Hold" on Thursday, June 8. The rating was downgraded by Bank of America on Monday, August 24 to "Neutral".

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER