Kone Oyj (OTCMKTS:KNYJY) Upgraded at Evercore

Key Points

• Evercore upgraded Kone Oyj (OTCMKTS:KNYJY) to a "hold" rating, and analyst sentiment is mixed overall with one Strong Buy, four Holds and two Sells (consensus: "Hold").
• Kone's latest quarter showed EPS of $0.30 on revenue of $3.45 billion, with a 40.59% ROE and 8.76% net margin; analysts forecast about 1.06 EPS for the current fiscal year.
• The stock opened at $34.30 (50-/200-day MAs ~$34.24/$34.42), has a market cap of $31.09 billion, a P/E of 32.06, and a 1-year range of $28.36–$38.29.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) was upgraded by investment analysts at Evercore to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. BNP Paribas Exane upgraded shares of Kone Oyj to a "strong sell" rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upgraded shares of Kone Oyj from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Finally, Citigroup downgraded shares of Kone Oyj from a "buy" rating to a "neutral" rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".

Kone Oyj Price Performance

KNYJY stock opened at $34.30 on Monday. The stock has a 50-day moving average price of $34.24 and a two-hundred day moving average price of $34.42. The stock has a market cap of $31.09 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.80 and a beta of 0.69. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Kone Oyj has a 1 year low of $28.36 and a 1 year high of $38.29.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%. Equities analysts forecast that Kone Oyj will post 1.06 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.

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