Kuehne & Nagel International (OTCMKTS:KHNGY) Rating Lowered to “Hold” at The Goldman Sachs Group

Kuehne & Nagel International (OTCMKTS:KHNGY) was downgraded by stock analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

KHNGY has been the subject of a number of other research reports. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research note on Wednesday, October 28th. Zacks Research upgraded Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada initiated coverage on Kuehne & Nagel International in a research report on Thursday, October 15th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Finally, Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Down 3.3%

OTCMKTS:KHNGY traded down $1.94 during mid-day trading on Thursday, hitting $57.26. The stock had a trading volume of 35,802 shares, compared to its average volume of 5,357. Kuehne & Nagel International has a twelve month low of $36.80 and a twelve month high of $60.54. The stock has a 50-day simple moving average of $54.75 and a two-hundred day simple moving average of $49.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $34.57 billion, a PE ratio of 25.79, a PEG ratio of 3.72 and a beta of 0.77.

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

Kuehne & Nagel International Company Profile

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.