Kion Group (OTCMKTS:KIGRY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Kion Group has a “Moderate Buy” consensus rating from seven analysts: three buys, one strong buy, two holds and one sell.
• Analyst views have shifted in both directions, with Oddo Bhf, DZ Bank and Morgan Stanley upgrading the stock, while Zacks Research downgraded it to “strong sell.”
• Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding analysts’ $3.28 billion estimate; shares opened at $11.79, near the lower end of their 52-week range.

Shares of Kion Group (OTCMKTS:KIGRY - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have weighed in on KIGRY shares. Oddo Bhf raised Kion Group to an "outperform" rating in a research report on Monday, May 4th. DZ Bank raised Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Morgan Stanley raised shares of Kion Group to an "overweight" rating in a research note on Tuesday, July 7th. Finally, Zacks Research downgraded shares of Kion Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th.

Kion Group Price Performance

Shares of OTCMKTS KIGRY opened at $11.79 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77. The business has a 50-day moving average of $11.56 and a 200-day moving average of $13.65. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 13.87 and a beta of 2.05. Kion Group has a fifty-two week low of $10.26 and a fifty-two week high of $20.54.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 6.33% and a net margin of 3.36%.The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. As a group, sell-side analysts predict that Kion Group will post 0.95 earnings per share for the current fiscal year.

About Kion Group

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group's key brands include Linde Material Handling, STILL and Dematic.

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