Kuehne + Nagel International (OTCMKTS:KHNGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, Zacks.com reports. The brokerage currently has a $48.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.79% from the company’s previous close.
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. “
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group restated an “underperform” rating on shares of Kuehne + Nagel International in a report on Thursday, October 8th. CSFB reiterated an “underperform” rating on shares of Kuehne + Nagel International in a research report on Thursday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kuehne + Nagel International in a research report on Wednesday, October 21st. Sanford C. Bernstein lowered Kuehne + Nagel International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Kuehne + Nagel International in a research report on Thursday, September 24th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Kuehne + Nagel International presently has an average rating of “Hold” and a consensus target price of $48.00.
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KHNGY stock opened at $43.72 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. Kuehne + Nagel International has a 52-week low of $23.56 and a 52-week high of $43.73. The stock’s 50 day moving average is $40.02 and its two-hundred day moving average is $34.60. The company has a market capitalization of $26.17 billion, a PE ratio of 34.16 and a beta of 0.76.
Kuehne + Nagel International Company Profile
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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