Kuehne & Nagel International (OTCMKTS:KHNGY) Shares Gap Down – Here’s What Happened

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) gapped down prior to trading on Monday. The stock had previously closed at $59.20, but opened at $56.39. Kuehne & Nagel International shares last traded at $56.39, with a volume of 693 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group lowered Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 5th. Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Royal Bank Of Canada assumed coverage on Kuehne & Nagel International in a report on Thursday, October 15th. They set a “hold” rating on the stock. Finally, Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, October 28th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

The stock’s fifty day moving average price is $54.84 and its two-hundred day moving average price is $49.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $33.55 billion, a P/E ratio of 25.03, a P/E/G ratio of 3.19 and a beta of 0.77.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $7.70 billion. As a group, equities analysts predict that Kuehne & Nagel International Ag will post 2.28 earnings per share 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.