Hapag-Lloyd (ETR:HLAG) has been given a €36.00 ($41.86) price target by equities researchers at Kepler Capital Markets in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 42.29% from the stock’s previous close.
Several other research firms have also recently issued reports on HLAG. HSBC set a €27.60 ($32.09) price target on Hapag-Lloyd and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Deutsche Bank set a €26.00 ($30.23) target price on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Tuesday, January 15th. Warburg Research set a €29.00 ($33.72) target price on Hapag-Lloyd and gave the stock a “buy” rating in a report on Monday, February 18th. Goldman Sachs Group set a €28.00 ($32.56) target price on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Monday, March 25th. Finally, Berenberg Bank set a €31.00 ($36.05) target price on Hapag-Lloyd and gave the stock a “buy” rating in a report on Monday, February 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of €33.79 ($39.29).
Hapag-Lloyd stock opened at €25.30 ($29.42) on Monday. The stock has a market capitalization of $4.45 billion and a P/E ratio of 26.69. Hapag-Lloyd has a 12-month low of €21.04 ($24.47) and a 12-month high of €38.20 ($44.42). The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 108.16.
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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