Kuehne & Nagel International Ag (OTCMKTS:KHNGY – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,711 shares, a growth of 268.1% from the May 31st total of 1,823 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,362 shares, the short-interest ratio is presently 0.6 days.
Analysts Set New Price Targets
A number of research firms recently weighed in on KHNGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research report on Friday, May 22nd. Zacks Research lowered shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Jefferies Financial Group upgraded Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Citigroup reaffirmed a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. Finally, HSBC downgraded Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Kuehne & Nagel International
Kuehne & Nagel International Trading Down 1.6%
Kuehne & Nagel International (OTCMKTS:KHNGY – Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. On average, research analysts predict that Kuehne & Nagel International will post 2.14 earnings per share for the current year.
About Kuehne & Nagel International
Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.
Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.
Recommended Stories
- Five stocks we like better than Kuehne & Nagel International
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Kuehne & Nagel International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kuehne & Nagel International and related companies with MarketBeat.com's FREE daily email newsletter.
