DHL Group (OTCMKTS:DHLGY) Reaches New 52-Week High – Here’s Why

DHL Group Sponsored ADR (OTCMKTS:DHLGY) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.44 and last traded at $33.3660, with a volume of 83954 shares changing hands. The stock had previously closed at $33.0635.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DHL Group in a research note on Wednesday, July 8th. Kepler Capital Markets raised shares of DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group cut shares of DHL Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 5th. Barclays reaffirmed an “overweight” rating on shares of DHL Group in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded shares of DHL Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

DHL Group Stock Performance

The firm has a 50 day moving average of $31.10 and a 200-day moving average of $39.16. The company has a market cap of $74.69 billion, a P/E ratio of 15.05, a PEG ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

DHL Group Company Profile

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time‑sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e‑commerce fulfillment solutions, and national postal and parcel operations in Germany.