Jefferies Financial Group Upgrades Kion Group (OTCMKTS:KIGRY) to Hold

Kion Group (OTCMKTS:KIGRY) was upgraded by equities research analysts at Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts also recently issued reports on KIGRY. Citigroup downgraded shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. DZ Bank lowered Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Kion Group presently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

OTCMKTS:KIGRY opened at $15.10 on Wednesday. The firm has a market capitalization of $7.92 billion, a PE ratio of 30.20 and a beta of 2.19. The stock’s fifty day moving average is $18.62 and its 200 day moving average is $17.81. Kion Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. On average, sell-side analysts anticipate that Kion Group will post 0.78 earnings per share for the current year.

About Kion Group

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group’s key brands include Linde Material Handling, STILL and Dematic.