Kuehne & Nagel International (OTCMKTS:KHNGY) Stock Moved Down to “Hold” by The Goldman Sachs Group

Kuehne & Nagel International (OTCMKTS:KHNGY) was downgraded by analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other equities research analysts have also issued reports on KHNGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, October 28th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Finally, Royal Bank Of Canada assumed coverage on shares of Kuehne & Nagel International in a report on Thursday, October 15th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kuehne & Nagel International has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Performance

Shares of OTCMKTS:KHNGY opened at $57.26 on Thursday. 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 company has a 50-day moving average price of $54.75 and a 200-day moving average price of $49.28. Kuehne & Nagel International has a 12 month low of $36.80 and a 12 month high of $60.54. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.72 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analyst estimates of $7.70 billion. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. As a group, equities analysts anticipate that Kuehne & Nagel International will post 2.28 EPS for the current year.

About Kuehne & Nagel International

Kuehne+Nagel International AG is a Switzerland-based transport and logistics company that helps businesses move, store and manage goods. Its services include sea freight, airfreight, road transport and contract logistics, along with customs clearance and supply chain management solutions.

Founded in Bremen, Germany, in 1890 by August Kühne and Friedrich Nagel, the company developed from a freight-forwarding business into a global logistics provider. It is headquartered in Schindellegi, Switzerland.

Kuehne+Nagel serves customers across international markets and industries, coordinating shipments and logistics operations through its worldwide network.