Kuehne & Nagel International (OTCMKTS:KHNGY) Shares Gap Up – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $46.80, but opened at $48.19. Kuehne & Nagel International shares last traded at $48.25, with a volume of 522 shares trading hands.

Wall Street Analyst Weigh In

KHNGY has been the subject of several recent research reports. HSBC lowered shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 4th. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, April 29th. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Finally, Zacks Research lowered Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

The firm’s 50 day simple moving average is $46.42 and its 200-day simple moving average is $45.49. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.03.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a return on equity of 38.37% and a net margin of 3.52%. Analysts expect that Kuehne & Nagel International Ag will post 2.14 EPS for the current year.

About Kuehne & Nagel International

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.