Kone Oyj (OTCMKTS:KNYJY) Upgraded by Kepler Capital Markets to “Buy” Rating

Kone Oyj (OTCMKTS:KNYJY) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts also recently issued reports on KNYJY. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Kone Oyj Stock Performance

Kone Oyj stock opened at $28.13 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.50 billion, a P/E ratio of 25.81, a PEG ratio of 1.50 and a beta of 0.63. The stock’s 50 day moving average is $30.51 and its 200 day moving average is $33.38. Kone Oyj has a twelve month low of $27.49 and a twelve month high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. On average, equities research analysts predict that Kone Oyj will post 1.29 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.