KUEHNE & NAGEL/ADR (OTCMKTS:KHNGY) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 800 shares, a drop of 71.4% from the August 31st total of 2,800 shares. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 0.1 days.
Shares of KHNGY stock traded down $0.06 during midday trading on Tuesday, hitting $38.76. 3,288 shares of the company were exchanged, compared to its average volume of 8,897. The firm has a market capitalization of $23.20 billion, a P/E ratio of 30.28 and a beta of 0.82. The firm’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $32.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.09 and a current ratio of 1.09. KUEHNE & NAGEL/ADR has a 52 week low of $23.56 and a 52 week high of $39.34.
A number of equities research analysts recently commented on the stock. Berenberg Bank restated a “hold” rating on shares of KUEHNE & NAGEL/ADR in a report on Monday, August 10th. Zacks Investment Research lowered shares of KUEHNE & NAGEL/ADR from a “buy” rating to a “hold” rating in a report on Thursday, September 10th. Barclays restated an “underweight” rating on shares of KUEHNE & NAGEL/ADR in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of KUEHNE & NAGEL/ADR in a research report on Thursday, July 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of KUEHNE & NAGEL/ADR in a research report on Thursday, September 24th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. KUEHNE & NAGEL/ADR currently has an average rating of “Hold” and an average target price of $39.00.
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, and customs clearance services, as well as online booking online, tracking, and tracing of shipment services; and overland transportation and contract logistics services.
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