Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Time to Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) gapped up prior to trading on Wednesday . The stock had previously closed at $28.28, but opened at $29.5065. Knorr-Bremse shares last traded at $29.5065, with a volume of 1,499 shares trading hands.

Wall Street Analysts Forecast Growth

KNRRY has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup raised Knorr-Bremse from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

The firm has a market cap of $19.08 billion and a price-to-earnings ratio of 105.66. The business’s 50-day moving average is $29.35 and its 200-day moving average is $29.46.

Knorr-Bremse (OTCMKTS:KNRRY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Equities research analysts expect that Knorr-Bremse – Unsponsored ADR will post 1.13 EPS for the current fiscal year.

About Knorr-Bremse

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.