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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

A number of research analysts recently weighed in on KNYJY shares. Evercore raised Kone Oyj to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Citigroup lowered Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th.

Kone Oyj Trading Down 1.6%

Shares of KNYJY stock opened at $29.19 on Tuesday. The business’s fifty day moving average price is $31.86 and its 200 day moving average price is $34.07. Kone Oyj has a 1-year low of $29.12 and a 1-year high of $38.29. The firm has a market capitalization of $26.46 billion, a PE ratio of 26.78, a P/E/G ratio of 1.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. As a group, sell-side analysts forecast that Kone Oyj will post 1.29 EPS for the current fiscal year.

About Kone Oyj

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.