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

DHL Group Sponsored ADR (OTCMKTS:DHLGY) reached a new 52-week high during trading on Thursday . The company traded as high as $31.81 and last traded at $31.81, with a volume of 4261 shares. The stock had previously closed at $30.53.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHLGY. Deutsche Bank Aktiengesellschaft raised shares of DHL Group from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Barclays reissued an “overweight” rating on shares of DHL Group in a report on Tuesday, June 16th. Zacks Research cut shares of DHL Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Kepler Capital Markets upgraded shares of DHL Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group cut shares of DHL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, DHL Group has a consensus rating of “Moderate Buy”.

DHL Group Price Performance

The business’s 50 day simple moving average is $29.11 and its 200 day simple moving average is $42.77. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $71.21 billion, a PE ratio of 14.35, a PEG ratio of 1.73 and a beta of 1.21.

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.