Stock analysts at Barclays initiated coverage on shares of KONE Oyj (OTCMKTS:KNYJY – Get Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm set an “underweight” rating on the stock.
Several other research firms have also recently weighed in on KNYJY. HSBC cut shares of KONE Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Bank of America downgraded shares of KONE Oyj from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.67.
KONE Oyj Trading Down 0.7 %
KONE Oyj (OTCMKTS:KNYJY – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The company reported $0.23 earnings per share for the quarter. KONE Oyj had a net margin of 8.13% and a return on equity of 32.97%. The firm had revenue of $3.09 billion during the quarter. As a group, equities analysts predict that KONE Oyj will post 1.02 earnings per share for the current fiscal year.
About KONE Oyj
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company offers elevators, escalators, and automatic building doors. It also provides maintenance services; and modernization solutions. In addition, the company 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 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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