Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Growth in Short Interest

Key Points

• Kuehne & Nagel International Ag saw a significant increase in short interest in September, with a rise of 114.3% from August, totaling 3,000 shares.
• Recent analyst ratings show mixed sentiments: BNP Paribas upgraded the stock to "hold," while Deutsche Bank and Zacks Research lowered their ratings to "hold" and "strong sell," respectively.
• Kuehne & Nagel reported a quarterly EPS of $0.49, which was below analysts' expectations of $0.51, despite a revenue of $7.45 billion, surpassing predictions of $6.11 billion.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,000 shares, a growth of 114.3% from the August 31st total of 1,400 shares. Based on an average daily trading volume, of 48,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 48,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BNP Paribas upgraded Kuehne & Nagel International from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered Kuehne & Nagel International from a "buy" rating to a "hold" rating in a research note on Friday, September 19th. Finally, Zacks Research lowered Kuehne & Nagel International from a "hold" rating to a "strong sell" rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kuehne & Nagel International presently has a consensus rating of "Reduce".

Kuehne & Nagel International Trading Up 0.9%

Shares of Kuehne & Nagel International stock traded up $0.36 on Friday, hitting $38.64. 28,838 shares of the company's stock traded hands, compared to its average volume of 43,652. The firm's 50-day moving average price is $40.86 and its two-hundred day moving average price is $43.29. The stock has a market capitalization of $23.33 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90. Kuehne & Nagel International has a one year low of $37.07 and a one year high of $52.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). Kuehne & Nagel International had a net margin of 4.47% and a return on equity of 41.79%. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.11 billion. On average, research analysts expect that Kuehne & Nagel International will post 2.31 EPS for the current fiscal year.

About Kuehne & Nagel International

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.

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