DSV (OTCMKTS:DSDVY) Sees Unusually-High Trading Volume – Here’s Why

Shares of DSV (OTCMKTS:DSDVY) saw unusually-strong trading volume on Thursday . Approximately 96,149 shares changed hands during trading, an increase of 65% from the previous session’s volume of 58,396 shares.The stock last traded at $125.8050 and had previously closed at $123.76.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DSDVY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a research note on Friday, May 22nd. Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of DSV in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, DSV currently has a consensus rating of “Moderate Buy”.

DSV Stock Up 1.5%

The firm has a 50-day moving average of $123.87 and a 200 day moving average of $126.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.92. The stock has a market capitalization of $60.39 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 0.90 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last issued its quarterly 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 analysts’ expectations of $10.89 billion. As a group, sell-side analysts forecast that DSV will post 5.05 earnings per share for the current fiscal year.

DSV Company Profile

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.