Kuehne & Nagel International (OTCMKTS:KHNGY) Shares Pass Below 50-Day Moving Average – Here’s Why

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.52 and traded as low as $44.44. Kuehne & Nagel International shares last traded at $44.5760, with a volume of 6,674 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research report on Wednesday, January 14th. HSBC lowered Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research report on Thursday, January 15th. Finally, Zacks Research upgraded Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Down 0.2%

The company’s 50 day moving average price is $45.52 and its two-hundred day moving average price is $43.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.40. The stock has a market cap of $26.91 billion, a P/E ratio of 25.33, a P/E/G ratio of 3.54 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 40.73%. As a group, research analysts expect that Kuehne & Nagel International Ag will post 2.14 earnings per share for the current year.

Kuehne & Nagel International Company Profile

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.