Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Large Volume Increase - Here's What Happened

Key Points

• Trading volume surged: 20,845 shares traded on Friday, an 83% increase from the prior session, with the stock last at $43.31 (prior close $44.08).
• Quarterly results missed: Kuehne & Nagel reported $0.33 EPS versus $0.40 expected and revenue of $7.45B versus $7.73B expected, while analysts forecast $2.31 EPS for the current year.
• Mixed analyst stance: Brokerages have issued upgrades and downgrades (including a Goldman Sachs upgrade and HSBC downgrade), but the stock's consensus rating on MarketBeat is currently "Reduce" (1 Buy, 3 Hold, 2 Sell).

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) shares saw strong trading volume on Friday . 20,845 shares were traded during trading, an increase of 83% from the previous session's volume of 11,389 shares.The stock last traded at $43.31 and had previously closed at $44.08.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KHNGY. HSBC downgraded shares of Kuehne & Nagel International from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, March 4th. Citigroup restated a "sell" rating on shares of Kuehne & Nagel International in a research note on Tuesday, February 10th. The Goldman Sachs Group raised shares of Kuehne & Nagel International from a "strong sell" rating to a "buy" rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Kuehne & Nagel International in a report on Thursday, January 15th. Finally, Zacks Research upgraded Kuehne & Nagel International from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

Kuehne & Nagel International Stock Performance

The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.77 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $45.42 and a 200-day simple moving average of $42.23.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.73 billion. Kuehne & Nagel International had a return on equity of 38.42% and a net margin of 3.57%. On average, analysts anticipate that Kuehne & Nagel International Ag will post 2.31 earnings per share for the current year.

About Kuehne & Nagel International

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.

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