A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 52-Week High – What’s Next?

by · The Cerbat Gem

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $11.64 and last traded at $11.64, with a volume of 66164 shares trading hands. The stock had previously closed at $10.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMKBY. BNP Paribas lowered A.P. Moller-Maersk to a “strong sell” rating in a report on Wednesday, September 17th. BNP Paribas Exane lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 17th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Finally, Hsbc Global Res upgraded A.P. Moller-Maersk to a “strong-buy” rating in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Report on A.P. Moller-Maersk

A.P. Moller-Maersk Trading Up 5.9%

The company has a current ratio of 2.16, a quick ratio of 2.05 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $9.98. The company has a market cap of $36.83 billion, a price-to-earnings ratio of 7.41 and a beta of 0.91.

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.20). A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $13.44 billion. As a group, equities research analysts predict that A.P. Moller-Maersk will post 0.41 EPS for the current fiscal year.

About A.P. Moller-Maersk

(Get Free Report)

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.

Featured Articles