Kuehne & Nagel International (OTCMKTS:KHNGY) Stock Rating Raised to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Kuehne & Nagel International (OTCMKTS:KHNGY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks reports.

KHNGY has been the subject of a number of other research reports. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Royal Bank Of Canada started coverage on Kuehne & Nagel International in a research report on Thursday, October 15th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Finally, Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Kuehne & Nagel International Price Performance

Shares of OTCMKTS:KHNGY opened at $55.17 on Thursday. The firm has a market cap of $33.31 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 3.41 and a beta of 0.73. The firm has a fifty day moving average price of $53.91 and a 200 day moving average price of $50.04. Kuehne & Nagel International has a fifty-two week low of $36.80 and a fifty-two week high of $56.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $7.70 billion. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. As a group, sell-side analysts expect that Kuehne & Nagel International will post 2.17 earnings per share for the current fiscal year.

About Kuehne & Nagel International

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.