DSV (OTCMKTS:DSDVY) Shares Gap Up Following Better-Than-Expected Earnings

Shares of DSV (OTCMKTS:DSDVY) gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $89.94, but opened at $102.45. DSV shares last traded at $103.66, with a volume of 7,191 shares changing hands.

The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.08. DSV had a net margin of 2.41% and a return on equity of 9.38%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of DSV in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a research note on Thursday, July 16th. Zacks Research raised DSV from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Royal Bank Of Canada began coverage on DSV in a research report on Thursday, October 15th. They set a “hold” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of DSV in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

DSV Stock Up 15.3%

The stock’s 50 day moving average is $97.57 and its 200 day moving average is $112.88. The company has a market capitalization of $49.88 billion, a PE ratio of 31.53, a PEG ratio of 0.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.97.

About DSV

DSV A/S is a Denmark-based global transport and logistics company. It provides freight forwarding and supply chain services across road, air and sea transportation, as well as contract logistics, warehousing, customs clearance and specialized project transportation.

The company serves businesses across a wide range of industries, including automotive, healthcare, technology, retail and manufacturing. Its international network supports the movement, storage and management of goods in markets throughout Europe, North and South America, Asia-Pacific, the Middle East and Africa.

DSV traces its history to 1976, when it was established in Denmark as a group of road-haulage companies.