Kuehne & Nagel International (OTCMKTS:KHNGY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.85 and traded as high as $47.34. Kuehne & Nagel International shares last traded at $47.29, with a volume of 4,184 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KHNGY shares. Zacks Research upgraded shares of Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research report on Friday, May 22nd. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. HSBC cut shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Finally, Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, April 29th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Performance

The firm’s 50-day moving average price is $45.85 and its 200 day moving average price is $44.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.77 and a beta of 0.76.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. On average, sell-side analysts anticipate that Kuehne & Nagel International Ag will post 2.14 EPS for the current year.

About Kuehne & Nagel International

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.