Zacks Investment Research Upgrades Kuehne + Nagel (KHNGY) to Buy

Kuehne + Nagel (OTCMKTS:KHNGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $35.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.82% from the company’s previous close.

According to Zacks, “Kuehne + Nagel International AG is a logistics company. It operates through six segments: Seafreight, Airfreight, Road & Rail Logistics, Contract Logistics, Real Estate, and Insurance Brokers. The Company is engaged in transportation services, including carrier services and contracts of carriage related to shipment; provision of services related to warehouse and distribution activities; brokerage services of insurance coverage, mainly marine liability; and covers activities mainly related to internal rent of facilities. It operates in Europe, the Americas, the Asia-Pacific, the Middle East, Central Asia, and Africa. Kuehne + Nagel International AG is headquartered in Schindellegi, Switzerland. “

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Shares of KHNGY opened at $31.30 on Friday. The stock has a market cap of $18,696.00, a PE ratio of 25.54 and a beta of 0.92. Kuehne + Nagel has a 52 week low of $28.97 and a 52 week high of $37.28.

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Kuehne + Nagel Company Profile

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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