Kuehne & Nagel International (OTCMKTS:KHNGY) Hits New 1-Year High – Here’s What Happened

Shares of Kuehne & Nagel International Ag (OTCMKTS:KHNGY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.13 and last traded at $55.13, with a volume of 237 shares. The stock had previously closed at $54.5010.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KHNGY shares. Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Finally, Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Kuehne & Nagel International has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Up 1.2%

The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 3.67 and a beta of 0.75. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $50.11 and its two-hundred day moving average is $47.36.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a net margin of 3.57% and a return on equity of 39.21%. On average, sell-side analysts predict that Kuehne & Nagel International Ag will post 2.15 EPS for the current 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.