Kuehne & Nagel International (OTCMKTS:KHNGY) Reaches New 1-Year High – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $56.00 and last traded at $56.00, with a volume of 509 shares. The stock had previously closed at $52.3425.

Wall Street Analysts Forecast Growth

KHNGY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Finally, Zacks Research downgraded shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kuehne & Nagel International Price Performance

The firm’s fifty day moving average price is $51.89 and its 200 day moving average price is $48.31. The firm has a market capitalization of $33.81 billion, a PE ratio of 30.43, a P/E/G ratio of 3.51 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $7.58 billion. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%. As a group, equities analysts forecast that Kuehne & Nagel International Ag will post 2.15 earnings per share for the current year.

Kuehne & Nagel International Company Profile

Kuehne+Nagel International AG is a Switzerland-based global logistics and freight-forwarding company. It provides transportation and supply-chain solutions for businesses across a range of industries, helping customers move, store and manage goods through international logistics networks.

The company’s principal services include sea freight, air freight, road logistics and contract logistics. It also offers warehousing and distribution, customs clearance, supply-chain management, project logistics and technology-enabled shipment visibility.