Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Strong Trading Volume – Here’s Why

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares saw an uptick in trading volume on Wednesday . 18,055 shares changed hands during mid-day trading, an increase of 58% from the previous session’s volume of 11,435 shares.The stock last traded at $45.89 and had previously closed at $45.06.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KHNGY. HSBC cut Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Zacks Research upgraded Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upgraded Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research note on Wednesday, January 14th. Finally, Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $45.61 and a 200-day moving average of $43.61. The stock has a market cap of $27.62 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.46 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Kuehne & Nagel International had a return on equity of 40.73% and a net margin of 3.52%.The firm had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.58 billion. On average, equities analysts forecast 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.