Evercore Upgrades Kone Oyj (OTCMKTS:KNYJY) to “Hold”

Kone Oyj (OTCMKTS:KNYJY) was upgraded by equities research analysts at Evercore to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on KNYJY. Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

OTCMKTS KNYJY opened at $34.06 on Monday. Kone Oyj has a fifty-two week low of $28.36 and a fifty-two week high of $38.29. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69. The business has a fifty day moving average of $34.18 and a 200-day moving average of $34.42. 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 (OTCMKTS:KNYJY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.30 earnings per share for the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%.The company had revenue of $3.45 billion during the quarter. As a group, analysts predict that Kone Oyj will post 1.06 earnings per share 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.