Supply Chain Council of European Union | Scceu.org
Freight

Kuehne + Nagel International AG (OTCMKTS:KHNGY) Sees Significant Growth in Short Interest

Kuehne + Nagel International AG (OTCMKTS:KHNGY) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, an increase of 90.9% from the December 15th total of 4,400 shares. Based on an average daily trading volume, of 45,700 shares, the days-to-cover ratio is presently 0.2 days.

KHNGY has been the topic of several recent analyst reports. Zacks Investment Research lowered Kuehne + Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 29th. Morgan Stanley restated an “equal weight” rating on shares of Kuehne + Nagel International in a report on Thursday, October 21st. JPMorgan Chase & Co. decreased their price objective on Kuehne + Nagel International from CHF 293 to CHF 278 and set a “neutral” rating for the company in a report on Thursday. Finally, Stifel Nicolaus upgraded Kuehne + Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, December 14th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $175.50.

Shares of OTCMKTS KHNGY opened at $57.24 on Friday. Kuehne + Nagel International has a one year low of $44.37 and a one year high of $78.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average price is $61.30 and its 200-day moving average price is $66.20. The stock has a market capitalization of $34.56 billion, a PE ratio of 22.36 and a beta of 0.82.

(Ad)

There aren’t many days left on the calendar… and yet the global semiconductor market grew to $466.2 billion – in spite of the pandemic.

Better still, the chip shortage has created huge opportunities for recurring success.

These four tech companies are well-positioned to take advantage of this rapidly growing demand.

Kuehne + Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings results on Wednesday, October 20th. The company reported $1.01 EPS for the quarter. Kuehne + Nagel International had a return on equity of 52.20% and a net margin of 5.36%. The firm had revenue of $9.33 billion for the quarter.

Kuehne + Nagel International Company Profile

Kühne + Nagel International AG engages in the provision of logistic services. It operates through the following segments: Sea Freight, Airfreight, Overland, and Contract Logistics. The Sea Freight segment offers services through partnerships with carriers, as well as visibility and monitoring of freight movements via KN Login.

Featured Story: Is the QQQ ETF safe?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Kuehne + Nagel International right now?

Before you consider Kuehne + Nagel International, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Kuehne + Nagel International wasn’t on the list.

While Kuehne + Nagel International currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 

Related posts

Conoship Unveils Series of ‘Future-Proof’ General Cargo Ships

scceu

Digital Freight Forwarder Market Share 2022-2029

scceu

Frank Burkert new sales chief in Germany for Heppner

scceu