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

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have earned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have recently weighed in on KNYJY. Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd.

Kone Oyj Stock Up 0.5%

KNYJY stock opened at $30.74 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The stock has a market capitalization of $27.86 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.80 and a beta of 0.64. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The business has a 50-day moving average of $28.65 and a 200-day moving average of $31.03.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. On average, sell-side analysts anticipate that Kone Oyj will post 1.2 earnings per share 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.