Zacks Research Downgrades Knorr-Bremse (OTCMKTS:KNRRY) to Strong Sell

Knorr-Bremse (OTCMKTS:KNRRY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other equities research analysts have also recently weighed in on KNRRY. Citigroup restated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Knorr-Bremse has a consensus rating of “Hold”.

View Our Latest Research Report on KNRRY

Knorr-Bremse Stock Performance

Shares of OTCMKTS:KNRRY opened at $28.48 on Wednesday. Knorr-Bremse has a 52-week low of $22.62 and a 52-week high of $33.96. The company has a market capitalization of $18.36 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.38. The company has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $29.50.

Knorr-Bremse Company Profile

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Knorr-Bremse AG is a Germany-based manufacturer of braking and control systems for rail vehicles and commercial vehicles. The company develops safety-critical technologies designed to improve vehicle control, operational efficiency and passenger or driver safety.

Its Rail Vehicle Systems division supplies braking systems, doors, entrance systems, climate-control equipment and other components for high-speed trains, regional and commuter trains, metros, trams and locomotives. Its Commercial Vehicle Systems division provides braking systems, air-supply equipment, steering and driver-assistance technologies, and related control systems for trucks, buses, trailers and other commercial vehicles.

Founded in 1905 by Georg Knorr, the company serves transportation manufacturers, fleet operators and rail customers in markets around the world.

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Analyst Recommendations for Knorr-Bremse (OTCMKTS:KNRRY)

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