Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

A number of research analysts recently commented on KNYJY shares. Evercore upgraded Kone Oyj to a “hold” rating in a report on Monday, April 13th. Zacks Research cut Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Finally, Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd.

Kone Oyj Trading Up 0.5%

KNYJY stock opened at $29.60 on Friday. Kone Oyj has a 12-month low of $26.52 and a 12-month high of $38.29. The business’s 50-day moving average is $28.44 and its 200 day moving average is $31.71. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $26.83 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.74 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a net margin of 8.33% and a return on equity of 35.88%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.38 billion. On average, sell-side analysts anticipate that Kone Oyj will post 1.2 EPS for the current fiscal year.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.