Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Decrease in Short Interest
by Mitch Edgeman · The Markets DailyKuehne & Nagel International Ag (OTCMKTS:KHNGY – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 4,757 shares, a decrease of 55.3% from the July 15th total of 10,647 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,454 shares, the days-to-cover ratio is currently 0.7 days.
Kuehne & Nagel International Trading Up 0.7%
KHNGY stock traded up $0.35 during midday trading on Friday, reaching $52.07. The stock had a trading volume of 1,904 shares, compared to its average volume of 3,368. Kuehne & Nagel International has a twelve month low of $36.76 and a twelve month high of $52.38. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 3.50 and a beta of 0.75. The company has a quick ratio of 1.03, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $49.52 and a two-hundred day simple moving average of $47.05.
Kuehne & Nagel International (OTCMKTS:KHNGY – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%.The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.58 billion. As a group, research analysts expect that Kuehne & Nagel International will post 2.15 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
KHNGY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Finally, Zacks Research downgraded Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Kuehne & Nagel International
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.