Kuehne & Nagel International (OTCMKTS:KHNGY) Sees Strong Trading Volume – Here’s Why

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) shares saw unusually-strong trading volume on Friday . Approximately 20,845 shares traded 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.

Analysts Set New Price Targets

A number of research firms have commented on KHNGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research note on Thursday, January 15th. The Goldman Sachs Group raised Kuehne & Nagel International from a “strong sell” rating to a “buy” rating in a research note on Wednesday, January 14th. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a report on Tuesday, February 10th. HSBC lowered Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 4th. Finally, Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Kuehne & Nagel International Price Performance

The company has a market cap of $25.87 billion, a PE ratio of 24.20, a PEG ratio of 3.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 0.88. The company’s 50-day simple moving average is $45.35 and its 200 day simple moving average is $42.24.

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

Kuehne & Nagel International Company Profile

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.