Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Strong Trading Volume - Here's Why

Key Points

• Kuehne & Nagel International's shares experienced a strong trading volume of 129,257 shares, marking a 292% increase compared to the previous session.
• Wall Street analysts have updated their ratings, with BNP Paribas raising the stock to a "neutral" rating, while it currently holds an average rating of "Reduce."
• The company's quarterly earnings showed a decrease in earnings per share, reporting $0.49, slightly below the consensus estimate of $0.51, despite exceeding revenue expectations of $7.45 billion.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 129,257 shares changed hands during mid-day trading, an increase of 292% from the previous session's volume of 32,980 shares.The stock last traded at $42.72 and had previously closed at $42.31.

Analyst Ratings Changes

KHNGY has been the topic of several recent analyst reports. BNP Paribas upgraded shares of Kuehne & Nagel International from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered shares of Kuehne & Nagel International from a "buy" rating to a "hold" rating in a research note on Friday. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

Kuehne & Nagel International Trading Up 0.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $23.63 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90. The business's 50-day moving average price is $41.68 and its 200-day moving average price is $43.83.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). The business had revenue of $7.45 billion for the quarter, compared to analysts' expectations of $6.11 billion. Kuehne & Nagel International had a return on equity of 41.79% and a net margin of 4.47%. As a group, analysts expect that Kuehne & Nagel International Ag will post 2.31 earnings per share 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.