Hapag-Lloyd AG (ETR:HLAG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hapag-Lloyd AG (ETR:HLAG) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is €33.69 ($39.17).

A number of research analysts have recently issued reports on the company. Kepler Capital Markets set a €36.00 ($41.86) target price on Hapag-Lloyd and gave the company a “buy” rating in a research report on Monday, May 13th. Deutsche Bank set a €28.00 ($32.56) target price on Hapag-Lloyd and gave the company a “neutral” rating in a research report on Friday, May 10th. Goldman Sachs Group set a €28.60 ($33.26) target price on Hapag-Lloyd and gave the company a “neutral” rating in a research report on Thursday, May 16th. Berenberg Bank set a €31.00 ($36.05) target price on Hapag-Lloyd and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd and gave the company a “buy” rating in a report on Thursday, May 9th.

Shares of ETR:HLAG traded up €0.05 ($0.06) during midday trading on Friday, reaching €38.50 ($44.77). 17,820 shares of the company’s stock traded hands, compared to its average volume of 88,256. Hapag-Lloyd has a 1 year low of €21.04 ($24.47) and a 1 year high of €39.05 ($45.41). The stock has a market cap of $6.77 billion and a P/E ratio of 40.78. The company has a debt-to-equity ratio of 108.40, a quick ratio of 0.48 and a current ratio of 0.64. The company has a fifty day simple moving average of €30.42.

About Hapag-Lloyd

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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Analyst Recommendations for Hapag-Lloyd (ETR:HLAG)

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