The arrival of the pandemic and the confinement triggered the income of the transport and logistics sector, especially for companies such as Deutsche Post / DHL, which is part of the portfolio of elMonitor (an investment tool of Ecotrader, the investment portal of elEconomista ).
Deutsche Post accumulates a profitability in the stock market of 47% so far this year and on August 23 it established a historical maximum in its share price, which reached 60.05 euros. This Tuesday, the titles of the German firm rebounded 2.2% on the floor, to 59.42 euros, and were approaching their record level again.
The important thing is not only that the stock remains in the high zone, but that its shares have a potential market run of 14% in the next twelve months, according to the consensus of analysts collected by FactSet. In this way, the price of the securities could reach 67.74 euros.
For some analysts, this price target would be even higher. This is the case of the Stifel analysis team, which values the share at 73 euros, or that of Deutsche Bank, which indicates 77 euros.
Precisely, Andy Chu, an expert at the German bank, issued a note on Tuesday in which he announced that he gave a recommendation to buy the shares of Maersk, Hapag-Lloyd and Kuehne + Nagel. In addition, it has confirmed the purchasing advice for Deutsche Post / DHL and DSV.
The analyst notes “a continuing trend toward outsourcing as supply chains become increasingly complex, and demand for goods will be stronger in the medium term,” according to Bloomberg.
“A positive surprise is expected in the forecasts for 2022 and 2023 that have not yet been taken into account in the consensus, although the market rightly harbors concerns that logistics and container companies are in a maximum profit cycle and ratings “, added the expert.
Finally, Andy Chu explained that “freight rates will remain at high levels for longer than expected”, but anticipates “a certain slowdown in the short term in the growth of container shipping due to supply constraints” .