In a report issued on November 6, Petter Haugen from Kepler Capital downgraded Deutsche Post (DPSGY) to Hold, with a price target of EUR36.50. The company’s shares closed last Tuesday at $45.74, close to its 52-week high of $49.44.
According to TipRanks.com, Haugen is a 1-star analyst with an average return of -1.2% and a 48.3% success rate. Haugen covers the Industrial Goods sector, focusing on stocks such as Hoegh LNG Partners, DHT Holdings, and Frontline.
Currently, the analyst consensus on Deutsche Post is a Moderate Buy with an average price target of $53.85.
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Based on Deutsche Post’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $15.96 billion and net profit of $525 million. In comparison, last year the company earned revenue of $15.48 billion and had a net profit of $458 million.
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Deutsche Post AG engages in the provision of mail and logistics services. It operates through the following business segments: Post-eCommerce-Parcel (PeP), Express, Global Forwarding, Freight, Supply Chain, and Corporate Center or Other. The PeP segment handles both domestic and international mail and is a specialist in dialogue marketing, nationwide press distribution services, and all the electronic services associated with mail delivery. The Express segment offers courier and express services to business customers. The Global Forwarding Freight segment involves the carriage of goods by rail, road, air, and sea. The Supply Chain segment provides warehousing, managed transport, and value-added services. The Corporate Center or Other segment covers global business services, corporate center, non-operating activities, and other business activities. The company was founded in 1995 and is headquartered in Bonn, Germany.
