DPSTF - DHL Group: A Lower Stock Price Makes It A Buy Again (Rating Upgrade)
2024-07-29 01:20:25 ET
Summary
- DHL Group maintained its fiscal 2024 guidance, though first quarter revenue as well as earnings per share declined.
- We see the risk of a global recession, which would have an impact on DHL as well, but over the long run, the company will continue to grow.
- When assuming mid-single-digit growth rates, the stock is undervalued at this point.
While United Parcel Service, Inc. ( UPS ) and FedEx Corporation ( FDX ) usually get a lot more attention, competitor DHL Group ( DPSTF ), which changed its name to Deutsche Post AG about a year ago, is rather pushed to the background, although all three rivals are generating more or less a similar amount of revenue annually....
DHL Group: A Lower Stock Price Makes It A Buy Again (Rating Upgrade)