Kuehne & Nagel International (OTCMKTS:KHNGY) Hits New 12-Month High – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.4553 and last traded at $50.4553, with a volume of 2153 shares trading hands. The stock had previously closed at $46.94.

Analyst Ratings Changes

KHNGY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a research report on Thursday, January 15th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. Citigroup reaffirmed a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday. The Goldman Sachs Group raised Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research report on Wednesday, January 14th. Finally, HSBC downgraded Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Kuehne & Nagel International Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $28.52 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.79 and a beta of 0.77. The firm has a 50 day moving average price of $45.63 and a two-hundred day moving average price of $43.51.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a return on equity of 40.73% and a net margin of 3.52%. On average, analysts predict that Kuehne & Nagel International Ag will post 2.14 EPS for the current fiscal year.

Kuehne & Nagel International Company Profile

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.