KONE Oyj’s (KNYJY) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of KONE Oyj (OTCMKTS:KNYJY) in a research note issued to investors on Thursday, The Fly reports.

A number of other research analysts have also recently weighed in on the company. HSBC upgraded KONE Oyj from a hold rating to a buy rating in a report on Monday, March 29th. Royal Bank of Canada upgraded KONE Oyj from an underperform rating to a sector perform rating in a research note on Tuesday, July 6th. Morgan Stanley restated an equal weight rating on shares of KONE Oyj in a research note on Wednesday. Zacks Investment Research upgraded KONE Oyj from a sell rating to a hold rating in a research note on Wednesday, April 7th. Finally, Danske upgraded KONE Oyj from a sell rating to a hold rating in a research note on Friday, April 30th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold.

KONE Oyj stock traded down $0.85 during midday trading on Thursday, reaching $40.95. The stock had a trading volume of 15,737 shares, compared to its average volume of 13,153. KONE Oyj has a twelve month low of $38.25 and a twelve month high of $44.80. The stock has a market capitalization of $42.42 billion, a PE ratio of 37.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 0.93. The firm has a 50-day moving average price of $40.93.

KONE Oyj (OTCMKTS:KNYJY) last issued its earnings results on Wednesday, April 28th. The company reported $0.22 earnings per share for the quarter. KONE Oyj had a return on equity of 35.64% and a net margin of 9.76%. The firm had revenue of $2.80 billion for the quarter.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, auto walks, and automatic building doors. The company also provides maintenance services under the KONE Care and KONE 24/7 Connected Services brand names; modernization solutions; and various residential solutions.

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