Kuehne & Nagel International (OTCMKTS:KHNGY) Shares Pass Above 50 Day Moving Average – Should You Sell?

Kuehne & Nagel International Ag (OTCMKTS:KHNGY)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $51.63 and traded as high as $52.1750. Kuehne & Nagel International shares last traded at $52.0650, with a volume of 2,338 shares traded.

Wall Street Analysts Forecast Growth

KHNGY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Zacks Research downgraded shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Kuehne & Nagel International currently has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Performance

The stock has a market cap of $31.44 billion, a PE ratio of 28.30, a P/E/G ratio of 3.49 and a beta of 0.74. 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 stock has a 50-day simple moving average of $51.63 and a 200-day simple moving average of $47.99.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%. Equities analysts predict that Kuehne & Nagel International Ag will post 2.15 earnings per share for the current fiscal year.

Kuehne & Nagel International Company Profile

Kuehne+Nagel International AG is a Switzerland-based global logistics and freight-forwarding company. It provides transportation and supply-chain solutions for businesses across a range of industries, helping customers move, store and manage goods through international logistics networks.

The company’s principal services include sea freight, air freight, road logistics and contract logistics. It also offers warehousing and distribution, customs clearance, supply-chain management, project logistics and technology-enabled shipment visibility.