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

Key Points

• Analyst consensus is “Hold” for Kone Oyj’s unsponsored ADR, with three sell ratings, three holds, one buy and one strong-buy rating among eight analysts. Recent recommendations were mixed, including Zacks Research downgrading the stock to “strong sell” and Kepler Capital Markets upgrading it to “buy.”
• KNYJY opened at $28.78, near the lower end of its 12-month range of $26.52–$38.29, with a market capitalization of $26.09 billion and a P/E ratio of 27.15.
• Kone’s latest quarterly results fell short of expectations: EPS was $0.27 versus a $0.32 consensus, while revenue came in at $3.36 billion versus $3.38 billion expected. Analysts project full-year EPS of $1.20.

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) have received a consensus recommendation of "Hold" from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have issued reports on KNYJY shares. Zacks Research cut shares of Kone Oyj from a "hold" rating to a "strong sell" rating in a research report 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 Price Performance

OTCMKTS:KNYJY opened at $28.78 on Monday. Kone Oyj has a twelve month low of $26.52 and a twelve month high of $38.29. The company has a market cap of $26.09 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.70 and a beta of 0.65. The stock has a fifty day simple moving average of $29.01 and a 200-day simple moving average of $30.18. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last issued 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 company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. Analysts anticipate that Kone Oyj will post 1.2 EPS for the current year.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.