Kion Group Ag (OTCMKTS:KIGRY) Given Average Recommendation of “Hold” by Brokerages

Shares of Kion Group Ag (OTCMKTS:KIGRY – Get Rating) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $85.50.

A number of brokerages recently issued reports on KIGRY. Berenberg Bank decreased their price objective on shares of Kion Group from €110.00 ($114.58) to €91.00 ($94.79) and set a “buy” rating on the stock in a research note on Friday, April 22nd. UBS Group decreased their target price on shares of Kion Group from €102.00 ($106.25) to €92.00 ($95.83) and set a “buy” rating on the stock in a research note on Tuesday, April 12th. JPMorgan Chase & Co. decreased their target price on shares of Kion Group from €86.00 ($89.58) to €84.00 ($87.50) in a research note on Tuesday, March 29th. Societe Generale cut shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, Kepler Capital Markets cut shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th.

Shares of OTCMKTS:KIGRY opened at $10.51 on Friday. The company’s 50 day simple moving average is $12.83 and its 200 day simple moving average is $19.42. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 8.34 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.60. Kion Group has a 1 year low of $10.08 and a 1 year high of $29.30.

The firm also recently declared a dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th were issued a dividend of $0.2583 per share. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, May 12th. This is a positive change from Kion Group’s previous dividend of $0.01. Kion Group’s payout ratio is 19.84%.

Kion Group Company Profile (Get Rating)

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks & Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklift and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, and towing vehicles under the Linde, Fenwick, STILL, Baoli, and OM brand names.

See Also