Kuehne & Nagel International (OTCMKTS:KHNGY) Rating Lowered to Hold at Zacks Research

Kuehne & Nagel International (OTCMKTS:KHNGY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

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

Kuehne & Nagel International Trading Down 2.7%

Shares of KHNGY opened at $45.82 on Tuesday. Kuehne & Nagel International has a 1-year low of $36.76 and a 1-year high of $51.00. The company has a 50-day moving average of $46.43 and a 200 day moving average of $45.24. The firm has a market capitalization of $27.66 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.03.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings data 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. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. The company had revenue of $7.15 billion during the quarter, compared to analyst estimates of $7.58 billion. On average, research analysts expect that Kuehne & Nagel International 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.