Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Stock Short Interest Jumps 90.6%

by · The Cerbat Gem

Kuehne & Nagel International Ag (OTCMKTS:KHNGY – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,892 shares, a growth of 90.6% from the September 30th total of 6,238 shares. Based on an average daily trading volume, of 11,419 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

KHNGY has been the subject of several recent research reports. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a research note on Thursday, October 15th. They set a “hold” rating for the company. Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Finally, Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Kuehne & Nagel International Trading Up 0.3%

Shares of Kuehne & Nagel International stock opened at $57.54 on Friday. Kuehne & Nagel International has a 52-week low of $36.80 and a 52-week high of $57.65. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The company’s 50-day simple moving average is $54.33 and its 200-day simple moving average is $48.95. The firm has a market cap of $34.74 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.62 and a beta of 0.73.

Kuehne & Nagel International (OTCMKTS:KHNGY – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.58 by $0.21. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Kuehne & Nagel International had a return on equity of 43.31% and a net margin of 3.82%. As a group, equities research analysts anticipate that Kuehne & Nagel International will post 2.26 earnings per share for the current year.

Kuehne & Nagel International Company Profile

(Get Free Report)

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.

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