Kion Group (OTCMKTS:KIGRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.
According to Zacks, “KION Group AG is a manufacturer of industrial trucks, producer of forklifts as well as warehouse automation. The company designs, builds and supports logistics solutions. KION Group AG is based in Wiesbaden, Germany. “
Several other equities analysts also recently commented on KIGRY. Societe Generale upgraded shares of Kion Group from a “hold” rating to a “buy” rating in a research note on Monday, November 29th. Sanford C. Bernstein began coverage on shares of Kion Group in a research note on Tuesday, December 7th. They issued a “market perform” rating for the company. Morgan Stanley restated an “equal weight” rating on shares of Kion Group in a research note on Thursday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kion Group in a research note on Thursday, November 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Kion Group in a research note on Wednesday, October 27th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Kion Group has a consensus rating of “Hold” and an average price target of $30.00.
Shares of OTCMKTS KIGRY opened at $27.75 on Wednesday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 24.34 and a beta of 1.46. The company has a quick ratio of 0.60, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. Kion Group has a 52-week low of $21.08 and a 52-week high of $29.30. The business’s 50 day moving average is $27.45 and its two-hundred day moving average is $26.40.
Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Tuesday, October 26th. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $3.03 billion for the quarter. Kion Group had a return on equity of 10.72% and a net margin of 5.09%. Analysts anticipate that Kion Group will post 1.26 EPS for the current fiscal year.
About Kion Group
KION GROUP AG operates as a holding company, which engages provision of industrial trucks, warehouse technology, relates services and supply chain solutions. It operates through the following segments: Industrial Trucks and Services; Supply Chain Solutions; and Corporate Services. The Industrial Trucks and Services segment encompasses forklift trucks, warehouse technology and related services, including complementary financial services.