DHL Group (OTCMKTS:DHLGY) Sees Large Volume Increase – Should You Buy?

Shares of DHL Group Sponsored ADR (OTCMKTS:DHLGY) saw strong trading volume on Thursday . 1,269,022 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 573,511 shares.The stock last traded at $29.80 and had previously closed at $29.98.

Analysts Set New Price Targets

Several brokerages have weighed in on DHLGY. Kepler Capital Markets raised DHL Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft upgraded DHL Group from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Zacks Research upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Barclays reissued an “overweight” rating on shares of DHL Group in a report on Tuesday. Finally, Jefferies Financial Group cut DHL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, DHL Group currently has a consensus rating of “Moderate Buy”.

DHL Group Trading Down 0.8%

The firm has a 50-day simple moving average of $28.75 and a 200-day simple moving average of $44.66. 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 stock has a market cap of $66.60 billion, a PE ratio of 13.42, a P/E/G ratio of 1.65 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.