Kuehne & Nagel International (OTCMKTS:KHNGY) Reaches New 12-Month High - Here's Why

Key Points

• Kuehne & Nagel shares reached a new 52-week high of $56.89, up from a prior close of $56.23, with relatively light trading volume.
• The company beat quarterly expectations, reporting earnings per share of $0.79 versus the $0.58 consensus and revenue of $9.09 billion compared with estimates of $7.70 billion.
• Analyst sentiment remains mixed, with ratings ranging from strong buy to sell; despite a recent Zacks upgrade, the overall consensus rating is Hold.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report)'s share price hit a new 52-week high during trading on Thursday. The company traded as high as $56.89 and last traded at $56.89, with a volume of 1,182 shares. The stock had previously closed at $56.23.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup reissued a "sell" rating on shares of Kuehne & Nagel International in a research report on Wednesday. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a research report on Thursday, October 15th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Barclays reaffirmed an "underweight" rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Finally, Zacks Research raised Kuehne & Nagel International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kuehne & Nagel International currently has a consensus rating of "Hold".

Kuehne & Nagel International Stock Performance

The stock has a market capitalization of $34.43 billion, a PE ratio of 25.68, a P/E/G ratio of 3.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97. The firm's 50 day moving average is $54.15 and its two-hundred day moving average is $48.82.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.21. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. The firm had revenue of $9.09 billion during the quarter, compared to analysts' expectations of $7.70 billion. As a group, research analysts predict that Kuehne & Nagel International Ag will post 2.24 earnings per share for the current year.

About Kuehne & Nagel International

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.

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