Kuehne & Nagel International (OTCMKTS:KHNGY) Sets New 52-Week High - Here's Why

Key Points

• Kuehne & Nagel International shares reached a new 52-week high of $56.79, with the stock last trading at $56.0650 and above its 50-day and 200-day moving averages.
• The company beat quarterly expectations, reporting $0.57 in EPS versus a $0.55 consensus estimate and revenue of $8.22 billion versus $7.58 billion expected.
• Analyst sentiment remains mixed, with two Buy ratings, three Holds and two Sells; MarketBeat’s average rating is “Hold.”

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) reached a new 52-week high on Saturday. The company traded as high as $56.79 and last traded at $56.0650, with a volume of 2,990 shares changing hands. The stock had previously closed at $55.7250.

Analyst Ratings Changes

KHNGY has been the topic of several recent research reports. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a report on Thursday. They set a "sector perform" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Barclays restated an "underweight" rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Finally, Citigroup restated a "sell" rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Kuehne & Nagel International presently has an average rating of "Hold".

Kuehne & Nagel International Stock Performance

The company's fifty day simple moving average is $53.40 and its 200 day simple moving average is $49.70. The stock has a market capitalization of $33.85 billion, a P/E ratio of 30.28, a P/E/G ratio of 3.46 and a beta of 0.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%. As a group, sell-side analysts forecast that Kuehne & Nagel International Ag will post 2.17 earnings per share for the current fiscal year.

About Kuehne & Nagel International

Kuehne+Nagel International AG is a Switzerland-based global logistics company that provides transportation and supply chain management services to businesses worldwide. The company organizes the movement of goods by sea, air, road and rail, serving customers across industries including healthcare, consumer goods, technology, industrial manufacturing and aerospace.

Its services include ocean and air freight forwarding, road logistics, contract logistics, warehousing, distribution, customs clearance and supply chain management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.