Kuehne & Nagel International (OTCMKTS:KHNGY) Stock Dropped to Hold by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Kuehne & Nagel International (OTCMKTS:KHNGY) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks reports.

A number of other research firms have also recently commented on KHNGY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research note on Wednesday, October 28th. Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a research note on Thursday, October 15th. They set a “hold” rating for the company. Finally, Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

OTCMKTS KHNGY traded down $1.94 on Thursday, hitting $57.26. 35,802 shares of the stock were exchanged, compared to its average volume of 5,357. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day moving average is $54.75 and its 200 day moving average is $49.28. Kuehne & Nagel International has a 52 week low of $36.80 and a 52 week high of $60.54. The company has a market capitalization of $34.57 billion, a PE ratio of 25.79, a P/E/G ratio of 3.72 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. Research analysts anticipate that Kuehne & Nagel International will post 2.28 EPS for the current fiscal year.

About Kuehne & Nagel International

Kuehne+Nagel International AG is a Switzerland-based transport and logistics company that helps businesses move, store and manage goods. Its services include sea freight, airfreight, road transport and contract logistics, along with customs clearance and supply chain management solutions.

Founded in Bremen, Germany, in 1890 by August Kühne and Friedrich Nagel, the company developed from a freight-forwarding business into a global logistics provider. It is headquartered in Schindellegi, Switzerland.

Kuehne+Nagel serves customers across international markets and industries, coordinating shipments and logistics operations through its worldwide network.