DSV (OTCMKTS:DSDVY) Shares Gap Down – Here’s What Happened

DSV (OTCMKTS:DSDVY) shares gapped down before the market opened on Friday . The stock had previously closed at $124.20, but opened at $119.26. DSV shares last traded at $123.73, with a volume of 9,907 shares traded.

Analysts Set New Price Targets

DSDVY has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

DSV Stock Up 0.5%

The firm has a 50 day moving average of $124.49 and a two-hundred day moving average of $127.07. The firm has a market capitalization of $60.05 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.48.

DSV (OTCMKTS:DSDVY) last posted its earnings results on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.77 by $0.15. DSV had a return on equity of 9.45% and a net margin of 2.55%.The firm had revenue of $11.03 billion during the quarter, compared to the consensus estimate of $10.89 billion. As a group, sell-side analysts anticipate that DSV will post 5.05 EPS for the current fiscal year.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.