Kuehne & Nagel International (OTCMKTS:KHNGY) Sets New 52-Week High – Time to Buy?

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $59.40 and last traded at $59.3380, with a volume of 597 shares changing hands. The stock had previously closed at $59.0950.

Wall Street Analyst Weigh In

KHNGY has been the subject of several research analyst reports. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a 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 note on Tuesday, July 28th. Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Finally, Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued 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 Price Performance

The company’s 50-day moving average price is $54.50 and its 200-day moving average price is $49.08. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 3.72 and a beta of 0.77. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its earnings results on Thursday, October 22nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $7.70 billion. On average, equities research analysts forecast that Kuehne & Nagel International Ag will post 2.26 EPS for the current year.

Kuehne & Nagel International Company Profile

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.