DHL Group (OTCMKTS:DHLGY) Sets New 12-Month High – Here’s What Happened

DHL Group Sponsored ADR (OTCMKTS:DHLGY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $33.6985 and last traded at $33.48, with a volume of 9814 shares changing hands. The stock had previously closed at $32.77.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DHLGY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DHL Group in a research report on Tuesday, September 15th. Citigroup cut DHL Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 13th. Kepler Capital Markets raised DHL Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Barclays reaffirmed an “overweight” rating on shares of DHL Group in a report on Tuesday, June 16th. Finally, Zacks Research lowered DHL Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

DHL Group Stock Up 1.9%

The stock has a market cap of $74.17 billion, a PE ratio of 11.69, a P/E/G ratio of 1.58 and a beta of 1.19. The business has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $33.13. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.03 and a quick ratio of 0.98.

DHL Group (OTCMKTS:DHLGY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. DHL Group had a net margin of 4.38% and a return on equity of 16.44%. The firm had revenue of $25.84 billion for the quarter, compared to analyst estimates of $24.20 billion. On average, equities research analysts forecast that DHL Group Sponsored ADR will post 2.02 EPS for the current fiscal year.

About DHL Group

DHL Group is a global logistics and postal services company headquartered in Bonn, Germany. The group provides international express delivery, freight transportation, contract logistics, supply chain management, e-commerce logistics and domestic mail and parcel services.

Its principal business divisions include DHL Express, DHL Global Forwarding and Freight, DHL Supply Chain, DHL eCommerce and the Post & Parcel Germany division. Services range from time-definite document and parcel delivery to air, ocean and road freight forwarding, warehousing, fulfillment, customs support and logistics solutions tailored to business customers.

The company traces its roots to Deutsche Bundespost’s postal operations and became a privatized company, Deutsche Post AG, in the 1990s.