DSV (OTCMKTS:DSDVY) Shares Gap Up – Here’s What Happened

DSV (OTCMKTS:DSDVY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $119.59, but opened at $127.29. DSV shares last traded at $126.51, with a volume of 2,817 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a research note on Thursday, January 15th. Morgan Stanley reissued an “overweight” rating on shares of DSV in a research report on Friday, February 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

DSV Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95. The firm has a market capitalization of $60.58 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. The stock’s fifty day moving average is $124.99 and its two-hundred day moving average is $124.91.

DSV (OTCMKTS:DSDVY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. DSV had a net margin of 2.55% and a return on equity of 9.45%. The company had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. Analysts forecast that DSV will post 5.23 earnings per share for the current 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.