DHL Group (OTCMKTS:DHLGY) Shares Gap Up – Time to Buy?

DHL Group Sponsored ADR (OTCMKTS:DHLGY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $28.97, but opened at $29.90. DHL Group shares last traded at $29.89, with a volume of 21,963 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on DHLGY shares. Jefferies Financial Group cut shares of DHL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of DHL Group from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft upgraded shares of DHL Group from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. Barclays reaffirmed an “overweight” rating on shares of DHL Group in a report on Tuesday, June 16th. Finally, Citigroup reiterated a “buy” rating on shares of DHL Group in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

DHL Group Stock Down 0.5%

The stock has a 50-day simple moving average of $28.89 and a two-hundred day simple moving average of $43.68. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The firm has a market cap of $66.77 billion, a PE ratio of 13.45, a P/E/G ratio of 1.55 and a beta of 1.21.

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.