KONE Oyj (OTCMKTS:KNYJY) PT Lowered to €54.00 at Morgan Stanley

KONE Oyj (OTCMKTS:KNYJYGet Rating) had its price objective trimmed by Morgan Stanley from €56.00 ($60.22) to €54.00 ($58.06) in a research note released on Friday, The Fly reports. The firm currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of KONE Oyj from €73.00 ($78.49) to €70.00 ($75.27) in a research report on Tuesday, March 29th. Zacks Investment Research downgraded shares of KONE Oyj from a hold rating to a sell rating in a research report on Friday, March 18th. UBS Group cut their target price on shares of KONE Oyj from €58.00 ($62.37) to €56.00 ($60.22) in a research report on Friday, February 4th. Barclays cut their target price on shares of KONE Oyj from €57.00 ($61.29) to €53.00 ($56.99) in a research report on Tuesday, April 5th. Finally, Danske upgraded shares of KONE Oyj from a sell rating to a hold rating in a research report on Friday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $54.60.

Shares of OTCMKTS KNYJY opened at $24.00 on Friday. The firm’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $31.27. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. KONE Oyj has a 12-month low of $23.54 and a 12-month high of $42.55.

KONE Oyj (OTCMKTS:KNYJYGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion for the quarter. Research analysts expect that KONE Oyj will post 1 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Friday, March 25th. Stockholders of record on Thursday, March 3rd were paid a $0.7306 dividend. The ex-dividend date was Wednesday, March 2nd. This represents a dividend yield of 2.51%.

KONE Oyj Company Profile (Get Rating)

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.

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Analyst Recommendations for KONE Oyj (OTCMKTS:KNYJY)

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