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Kuehne + Nagel International (OTCMKTS:KHNGY) Cut to Hold at Zacks Investment Research

Kuehne + Nagel International (OTCMKTS:KHNGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Kuehne + Nagel International AG is a logistics company. It operates through six segments: Seafreight, Airfreight, Road & Rail Logistics, Contract Logistics, Real Estate, and Insurance Brokers. The Company is engaged in transportation services, including carrier services and contracts of carriage related to shipment; provision of services related to warehouse and distribution activities; brokerage services of insurance coverage, mainly marine liability; and covers activities mainly related to internal rent of facilities. It operates in Europe, the Americas, the Asia-Pacific, the Middle East, Central Asia, and Africa. Kuehne + Nagel International AG is headquartered in Schindellegi, Switzerland. “

A number of other brokerages have also recently weighed in on KHNGY. CSFB reaffirmed an “underperform” rating on shares of Kuehne + Nagel International in a research report on Thursday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Kuehne + Nagel International in a research report on Wednesday, October 21st. Sanford C. Bernstein downgraded Kuehne + Nagel International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Berenberg Bank restated a “hold” rating on shares of Kuehne + Nagel International in a research note on Thursday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Kuehne + Nagel International in a research note on Wednesday, October 21st. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Sell” and an average target price of $48.00.

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Shares of KHNGY opened at $46.23 on Wednesday. Kuehne + Nagel International has a twelve month low of $23.56 and a twelve month high of $46.23. The firm has a market capitalization of $27.68 billion, a P/E ratio of 34.24 and a beta of 0.81. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $44.48 and its 200 day simple moving average is $39.20.

Kuehne + Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings data on Monday, October 19th. The company reported $0.48 EPS for the quarter. The company had revenue of $5.47 billion for the quarter. Kuehne + Nagel International had a return on equity of 34.26% and a net margin of 3.88%. Sell-side analysts predict that Kuehne + Nagel International will post 1.33 earnings per share for the current year.

About Kuehne + Nagel International

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Seafreight, Airfreight, Overland, and Contract Logistics. It provides airfreight services; seafreight services, including full and less than container loads, intra Europe/short sea intermodal solutions integration with carriers, flexible schedules, blue anchor line agent, cargo insurance, seafood logistics, and customs clearance services, as well as online booking, tracking, and tracing of shipments; and overland transportation and contract logistics services.

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Analyst Recommendations for Kuehne + Nagel International (OTCMKTS:KHNGY)

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