Hapag-Lloyd AG (HLAG) Given Consensus Rating of “Hold” by Analysts
Hapag-Lloyd AG (ETR:HLAG) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is €32.17 ($37.40).
A number of equities analysts recently commented on the company. HSBC set a €27.60 ($32.09) price target on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Goldman Sachs Group set a €29.00 ($33.72) price target on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Monday, April 1st. Warburg Research set a €31.00 ($36.05) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Tuesday, March 26th. Jefferies Financial Group set a €40.00 ($46.51) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Kepler Capital Markets set a €29.00 ($33.72) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, March 22nd.
Hapag-Lloyd stock traded down €0.90 ($1.05) during midday trading on Monday, reaching €27.40 ($31.86). 23,214 shares of the company’s stock were exchanged, compared to its average volume of 88,256. Hapag-Lloyd has a 52 week low of €21.04 ($24.47) and a 52 week high of €38.20 ($44.42). The company has a debt-to-equity ratio of 96.14, a quick ratio of 0.59 and a current ratio of 0.73. The stock has a market capitalization of $4.84 billion and a P/E ratio of 131.10.
Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. The company engages in the shipping of containers by sea; and provision of door to door transportation services. Its vessel and container fleets are used for the transportation of general and special cargo, various dangerous goods, and coffee, as well as reefer cargo comprising pharmaceuticals.
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