Panalpina Welt Ag Unspon (PLWTY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Panalpina Welt Ag Unspon (NASDAQ:PLWTY) from a hold rating to a buy rating in a research report released on Tuesday, July 4th. The brokerage currently has $27.00 price objective on the stock.

According to Zacks, “Panalpina Welttransport Holding AG engages in providing supply chain solutions. It offers freight shipping and supply chain management services. The Company transports freight by air and ship, and offers warehousing and distribution services. Panalpina’s air freight services include general, special, express, and intermodal services; and charter and emergency services. The company also offers ocean freight products comprising full container load, less-than-container load, and non-containerized load products, as well as various special services, such as dangerous goods handling, temperature controlled transportation, cargo insurance, letter of credit processing, certification and legalization of documents, food and drug administration filing, and advanced cargo information filing. It provides logistics services, including inbound, warehousing, production, distribution, and aftermarket services. Panalpina Welttransport Holding AG is headquartered in Basel, Switzerland. “

Shares of Panalpina Welt Ag Unspon (NASDAQ PLWTY) remained flat at $27.75 on Tuesday. 2 shares of the stock traded hands. The firm has a 50 day moving average of $26.53 and a 200-day moving average of $25.16. Panalpina Welt Ag Unspon has a 52 week low of $27.75 and a 52 week high of $27.75. The company has a market capitalization of $3.29 billion and a price-to-earnings ratio of 50.34.

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