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

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

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

Kone Oyj Stock Performance

Shares of Kone Oyj stock opened at $29.19 on Tuesday. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.56 and a beta of 0.66. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. Kone Oyj has a 12-month low of $29.12 and a 12-month high of $38.29. The firm’s 50-day moving average price is $31.80 and its two-hundred day moving average price is $34.05.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) 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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. On average, analysts forecast that Kone Oyj will post 1.29 earnings per share 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.