DHL Group (OTCMKTS:DHLGY) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• DHL Group has been downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, reflecting diminishing confidence among analysts.
• Despite the downgrade, the stock saw a 1.6% increase in value, opening at $46.24, with a market cap of $55.49 billion.
• DHL Group reported a quarterly EPS of $0.82, exceeding analyst expectations of $0.72, along with revenues of $22.93 billion for the quarter.

DHL Group (OTCMKTS:DHLGY - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

DHLGY has been the subject of several other research reports. Citigroup restated a "buy" rating on shares of DHL Group in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft downgraded shares of DHL Group from a "buy" rating to a "hold" rating in a research report on Friday, September 19th. Kepler Capital Markets downgraded shares of DHL Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, UBS Group downgraded shares of DHL Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

DHL Group Stock Up 1.6%

DHL Group stock opened at $46.24 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.90 and a current ratio of 0.95. DHL Group has a 52-week low of $33.89 and a 52-week high of $49.02. The firm has a 50 day moving average price of $45.70 and a two-hundred day moving average price of $44.68. The firm has a market cap of $55.49 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.93 and a beta of 1.20.

DHL Group (OTCMKTS:DHLGY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.10. DHL Group had a net margin of 4.11% and a return on equity of 14.92%. The firm had revenue of $22.93 billion during the quarter, compared to analyst estimates of $21.16 billion. Equities analysts predict that DHL Group will post 3.01 EPS for the current year.

About DHL Group

Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through five segments: Express; Global Forwarding, Freight; Supply Chain; eCommerce Solutions; and Post & Parcel Germany. The Express segment offers time-definite courier and express services to business and private customers.

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