KONE Oyj (OTCMKTS:KNYJY) Cut to “Sell” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of KONE Oyj (OTCMKTS:KNYJYGet Rating) from a neutral rating to a sell rating in a research report report published on Tuesday morning, The Fly reports.

Other analysts have also recently issued research reports about the stock. Danske raised shares of KONE Oyj from a hold rating to a buy rating in a research note on Thursday, June 9th. Barclays reduced their price objective on shares of KONE Oyj from €57.00 ($60.00) to €53.00 ($55.79) in a research note on Tuesday, April 5th. JPMorgan Chase & Co. reduced their price objective on shares of KONE Oyj from €73.00 ($76.84) to €70.00 ($73.68) in a research note on Tuesday, March 29th. UBS Group raised shares of KONE Oyj from a neutral rating to a buy rating in a research note on Thursday, May 19th. Finally, Morgan Stanley reduced their price objective on shares of KONE Oyj from €56.00 ($58.95) to €54.00 ($56.84) and set an equal weight rating on the stock in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $58.60.

OTCMKTS KNYJY opened at $22.52 on Tuesday. The firm’s fifty day moving average price is $24.20 and its two-hundred day moving average price is $28.54. The stock has a market cap of $23.33 billion, a PE ratio of 21.25 and a beta of 0.74. KONE Oyj has a fifty-two week low of $22.01 and a fifty-two week high of $42.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 1.06.

KONE Oyj (OTCMKTS:KNYJYGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $2.74 billion for the quarter. As a group, sell-side analysts predict that KONE Oyj will post 1 earnings per share for the current fiscal year.

About KONE Oyj (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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