Kion Group (OTCMKTS:KIGRY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Kion Group from “hold” to “strong sell.” However, other analysts’ ratings leave the stock with a “Moderate Buy” consensus.
• Kion reported quarterly EPS of $0.22 and revenue of $3.26 billion, topping analysts’ revenue estimate of $3.23 billion.
• The shares opened at $9.34, near their 12-month low of $9.13 and well below their 12-month high of $20.54.

Kion Group (OTCMKTS:KIGRY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Monday, Zacks reports.

Other equities analysts also recently issued reports about the company. Barclays reaffirmed an "overweight" rating on shares of Kion Group in a report on Monday, October 5th. Morgan Stanley upgraded shares of Kion Group to an "overweight" rating in a research report on Tuesday, July 7th. Finally, Citigroup upgraded shares of Kion Group from a "neutral" rating to a "buy" rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Kion Group Trading Down 0.4%

OTCMKTS KIGRY opened at $9.34 on Monday. Kion Group has a 12 month low of $9.13 and a 12 month high of $20.54. The stock has a market capitalization of $4.90 billion, a P/E ratio of 11.44 and a beta of 2.08. The firm's 50-day moving average is $10.93 and its two-hundred day moving average is $12.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. Kion Group had a net margin of 3.19% and a return on equity of 5.95%. On average, sell-side analysts anticipate that Kion Group will post 0.84 earnings per share for the current year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.

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