Kion Group (OTCMKTS:KIGRY) Upgraded by DZ Bank to Strong-Buy Rating

Kion Group (OTCMKTS:KIGRY) was upgraded by analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on KIGRY. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Kion Group Stock Up 1.7%

Shares of OTCMKTS KIGRY opened at $12.91 on Tuesday. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 16.14 and a beta of 2.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The business has a 50-day moving average of $13.13 and a two-hundred day moving average of $16.58. Kion Group has a 1 year low of $11.46 and a 1 year high of $20.54.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a return on equity of 6.19% and a net margin of 3.26%. On average, analysts forecast that Kion Group will post 0.98 earnings per share for the current fiscal year.

About Kion Group

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group’s key brands include Linde Material Handling, STILL and Dematic.