Kion Group (OTCMKTS:KIGRY) Shares Gap Up - Should You Buy?

Key Points

• Kion Group shares jumped, opening at $12.255 after previously closing at $11.682, though trading volume was only 404 shares.
• Analyst sentiment is mixed but leans positive, with recent upgrades from DZ Bank, Morgan Stanley and Oddo Bhf; the stock carries a consensus “Moderate Buy” rating.
• Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding analysts’ $3.28 billion estimate. The company has a $6.45 billion market capitalization, a 14.46 P/E ratio and projected full-year EPS of $0.95.

Kion Group (OTCMKTS:KIGRY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $11.6820, but opened at $12.2550. Kion Group shares last traded at $12.27, with a volume of 404 shares.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DZ Bank raised Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Zacks Research downgraded Kion Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Morgan Stanley upgraded Kion Group to an "overweight" rating in a research note on Tuesday, July 7th. Finally, Oddo Bhf raised shares of Kion Group to an "outperform" rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Kion Group Price Performance

The company has a market cap of $6.45 billion, a P/E ratio of 14.46 and a beta of 2.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10. The firm's fifty day moving average is $11.65 and its two-hundred day moving average is $13.23.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.25 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 analysts' expectations of $3.28 billion. As a group, analysts anticipate 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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