DSV (OTCMKTS:DSDVY) Shares Gap Down – Here’s Why

DSV (OTCMKTS:DSDVY) gapped down before the market opened on Friday . The stock had previously closed at $124.20, but opened at $119.26. DSV shares last traded at $123.73, with a volume of 9,907 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on DSDVY. Citigroup restated a “buy” rating on shares of DSV in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

DSV Trading Up 0.4%

The company has a 50-day moving average price of $124.54 and a 200-day moving average price of $127.05. The firm has a market capitalization of $59.94 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 0.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95.

DSV (OTCMKTS:DSDVY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. The business had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a return on equity of 9.45% and a net margin of 2.55%. As a group, research analysts forecast that DSV will post 5.05 EPS 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.