DHL Group (OTCMKTS:DHLGY) Hits New 52-Week High – Time to Buy?

Shares of DHL Group Sponsored ADR (OTCMKTS:DHLGY) reached a new 52-week high on Thursday . The company traded as high as $33.27 and last traded at $33.20, with a volume of 5203 shares trading hands. The stock had previously closed at $32.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DHLGY shares. Barclays reiterated an “overweight” rating on shares of DHL Group in a research note on Tuesday, June 16th. Citigroup reissued a “buy” rating on shares of DHL Group in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DHL Group in a report on Wednesday, July 8th. Jefferies Financial Group lowered shares of DHL Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Kepler Capital Markets upgraded shares of DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

DHL Group Trading Up 1.5%

The business has a 50 day moving average of $30.73 and a two-hundred day moving average of $39.79. The firm has a market cap of $74.09 billion, a P/E ratio of 14.93, a PEG ratio of 1.52 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96.

About DHL Group

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.