Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Strong Trading Volume – Still a Buy?

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares saw unusually-strong trading volume on Friday . Approximately 20,845 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 11,389 shares.The stock last traded at $43.31 and had previously closed at $44.08.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KHNGY. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research note on Tuesday, February 10th. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a report on Wednesday, January 28th. The Goldman Sachs Group upgraded Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research note on Wednesday, January 14th. HSBC downgraded shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Kuehne & Nagel International currently has a consensus rating of “Reduce”.

Kuehne & Nagel International Stock Performance

The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 3.77 and a beta of 0.87. The stock has a 50 day simple moving average of $45.42 and a 200 day simple moving average of $42.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.19.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.73 billion. Kuehne & Nagel International had a return on equity of 38.42% and a net margin of 3.57%. As a group, analysts anticipate that Kuehne & Nagel International Ag will post 2.31 earnings per share for the current fiscal 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.