Kuehne & Nagel International (OTCMKTS:KHNGY) Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Kuehne & Nagel International from “hold” to “strong-buy,” though the broader analyst consensus remains “Hold,” with ratings split among buys, holds, and sells.
• The company exceeded quarterly expectations, reporting $0.79 in EPS versus the $0.58 consensus and revenue of $9.09 billion versus $7.70 billion expected.
• KHNGY opened at $55.17, near its 52-week high of $56.79, with a $33.31 billion market capitalization and a P/E ratio of 24.85.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday, Zacks reports.

KHNGY has been the topic of several other research reports. Citigroup reaffirmed a "sell" rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Barclays reissued an "underweight" rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a research note on Thursday, October 15th. They issued a "hold" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold".

Kuehne & Nagel International Stock Performance

KHNGY opened at $55.17 on Thursday. The business's 50-day simple moving average is $53.91 and its 200 day simple moving average is $50.04. Kuehne & Nagel International has a 52-week low of $36.80 and a 52-week high of $56.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $33.31 billion, a PE ratio of 24.85, a PEG ratio of 3.41 and a beta of 0.73.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analysts' expectations of $7.70 billion. Kuehne & Nagel International had a return on equity of 43.31% and a net margin of 3.82%. As a group, sell-side analysts expect that Kuehne & Nagel International will post 2.17 earnings per share for the current fiscal 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.

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