Kuehne + Nagel International (OTCMKTS:KHNGY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Kuehne + Nagel International AG (OTCMKTS:KHNGY) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.51 and traded as low as $45.45. Kuehne + Nagel International shares last traded at $46.12, with a volume of 30,425 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on KHNGY. Citigroup upgraded Kuehne + Nagel International to a “strong sell” rating in a research note on Wednesday, October 9th. Barclays upgraded shares of Kuehne + Nagel International to a “hold” rating in a research note on Friday, September 27th. Finally, UBS Group upgraded shares of Kuehne + Nagel International to a “hold” rating in a research report on Tuesday, October 1st.

Kuehne + Nagel International Trading Up 0.3 %

The company’s 50 day moving average price is $47.81 and its two-hundred day moving average price is $54.39. The stock has a market cap of $27.92 billion, a P/E ratio of 21.12 and a beta of 0.84.

Kuehne + Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Kuehne + Nagel International had a return on equity of 37.72% and a net margin of 4.83%. The firm had revenue of $7.50 billion for the quarter. On average, sell-side analysts anticipate that Kuehne + Nagel International AG will post 2.37 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: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.