Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Large Volume Increase – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) saw unusually-strong trading volume on Thursday . Approximately 13,748 shares traded hands during mid-day trading, an increase of 111% from the previous session’s volume of 6,510 shares.The stock last traded at $43.99 and had previously closed at $49.02.

Analysts Set New Price Targets

KHNGY has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kuehne & Nagel International in a research note on Thursday, January 15th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research note on Wednesday, January 28th. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Tuesday. Finally, Zacks Research upgraded Kuehne & Nagel International from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Kuehne & Nagel International Stock Performance

The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.44 and a beta of 0.88. The stock has a fifty day moving average price of $44.87 and a two-hundred day moving average price of $41.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.19.

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.