In Good Financial Health? – Nokia Corporation (NOK), Citigroup Inc. (C)

You should consider shares of Nokia Corporation (NYSE:NOK) and Citigroup Inc. (NYSE:C) if you are looking for a great stocks to invest in. Starting with the NOK shares, which traded at $3.50 at the close of the recent session, gaining 1.16%. On Friday, the company’s shares shed $0.04 from its value which represented in intraday trading. The stock is now -36.13% lower in year-to-date (YTD) trading. NOK’s intraday high was $3.51 while its lowest price touched $3.47. The stock’s 52-week high price is $6.65, which means the current price is at -47.37%. In terms of trading activity, the daily trading volume fell to 7059909 against 200-day average trading volume of 24,965,229 shares.

What are analyst forecasts for Nokia Corporation (NYSE:NOK)?

At a consensus rating of 4.00, NOK is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 6 analysts recommended, on average, that NOK stock is a Strong Buy. The Technology company’s shares’ overall bullish trend saw it close lower on Friday compared to its opening price of $3.48 on the day.

Forecasts for Nokia Corporation (NYSE:NOK) give the stock a fair value for the growth of 24.24% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $4.62, which means the price per share could rise by nearly $1.12. The price range target is between a low of $3.13 and a high of $6.36. The stock would need to gain by about $44.97 to hit the estimated high or 0.95% from its 12-month low.

The consensus among 34 analysts is that it is a good time for one to Overweight in the Nokia Corporation. 14 analysts rate NOK as a Buy, with 2 of 34 analysts rate it as a Sell. 4 have valued the stock as Overweight and 12 have recommended that investors Hold.

Nokia Corporation (NYSE:NOK) Upgrades and Downgrades

In terms of rating changes, Credit Suisse on October 29, 2019, Downgrade Nokia Corporation (NOK) at Neutral. Analysts at JP Morgan have assigned a Neutral rating for the stock in their research note on October 25, 2019. Moreover, Barclays analysts issued a rating of Equal Weight for the stock on October 25, 2019. On October 24, 2019, the stock earned a Outperform rating due to an analyst call from Raymond James, while analysts from Charter Equity on July 26, 2019 suggested that the stock is Buy.

Citigroup Inc. (NYSE:C) adds -$0.6 on Friday

The C stock has risen 44.30% year-to-date and is currently trading at $75.12, which is -1.52% below its 52-week high. The company shares lost -0.79% on the day and have risen nearly 55.14% off a low hit. At current levels, Citigroup Inc. has a valuation of about $76.74B. As of 11/29/19, this stock has risen 1.65% during the week and closed at $75.72 in the previous session. However, recent Citigroup Inc. stock performance shows that C shares are 2.95% up over the last month, and 16.74% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.55, with the trailing 12-month share earnings at $7.61. The ratio is expected to be up by 16.10% for the current year 2019 and 8.90% for next year. Over the next 5-year period, earnings per share will be 13.48%. But will the C stock surprise in the current quarter results, where the $2.07 actual EPS reported on 9/29/2019 surprised by 6.20% or was higher by $0.12 from the estimated $1.95.

Sales Growth to climb 1.50% for the year

How well will Citigroup Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $17.27B and $18.63B in current quarter sales. The consensus estimated for the current quarter is $18.02B from sales. Forecasts for this fiscal year are between $72.87B and $74.53B and the consensus estimate for sales is at $73.92B. C has its next quarter sales estimates at between $18.84B and $19.86B, with the quarter-over-quarter growth estimates at 2.90% and the annual growth forecast for the year at 1.50%.

Who owns shares in Citigroup Inc. (C)?

Let’s briefly focus on the share ownership of the Citigroup Inc. (NYSE:C) stock, where we find that 80.01% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 180.75 million shares or 8.28% of shares outstanding. Blackrock Inc. and State Street Corporation held 157.01 million and 100.07 million representing 7.19% and 4.58% respectively at the close of the last trading session. As of Sep 29, 2019, FMR, LLC accounted for 54.13 million shares at over 3.74 billion. This represented 2.48% of shares outstanding. Invesco Ltd. held 38.0 million shares at over 2.62 billion representing 1.74% of shares outstanding.

C Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Citigroup Inc. (C), a total of 7500 shares have been sold by insiders over the last 6 months while 97538 shares were added in the same time span. On 2/19/2019, CEO-Europe, Middle East & Africa by the name Cowles James C sold 50000.0 shares worth $3.2 million at the price of $64.26 per share. Filings also show that Corbat Michael Louis sold a total of 47400.0 shares on 1/20/2019 valued at $3.0 million. Since the last insider activity, the company’s share price has climbed 21.46%.