Kuehne & Nagel International (OTCMKTS:KHNGY) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.85 and traded as high as $47.34. Kuehne & Nagel International shares last traded at $47.29, with a volume of 4,184 shares.

Analysts Set New Price Targets

KHNGY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Friday, May 22nd. HSBC cut shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kuehne & Nagel International presently has an average rating of “Hold”.

Kuehne & Nagel International Trading Down 0.2%

The firm has a market capitalization of $28.91 billion, a PE ratio of 27.21, a PEG ratio of 3.81 and a beta of 0.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $46.01 and its 200 day simple moving average is $44.66.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its earnings results on Friday, April 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. The business had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.58 billion. On average, sell-side analysts predict that Kuehne & Nagel International Ag will post 2.14 earnings per share 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.