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

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares saw an uptick in trading volume on Friday. Approximately 25,283 shares were traded during trading, an increase of 215% from the average daily volume of 8,020 shares. The stock last traded at $57.57 and had previously closed at $59.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KHNGY shares. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, October 28th. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Zacks Research raised shares of Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada started coverage on shares of Kuehne & Nagel International in a research report on Thursday, October 15th. They set a “hold” rating for the company. One 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The stock has a market cap of $34.59 billion, a P/E ratio of 25.81, a PEG ratio of 3.39 and a beta of 0.77. The stock has a fifty day simple moving average of $54.69 and a 200-day simple moving average of $49.22.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its earnings results on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.21. Kuehne & Nagel International had a return on equity of 43.31% and a net margin of 3.82%. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $7.70 billion. Equities analysts expect that Kuehne & Nagel International Ag will post 2.28 earnings per share for the current fiscal year.

Kuehne & Nagel International Company Profile

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.