A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 12-Month High After Analyst Upgrade
by Kim Johansen · The Markets DailyA.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report)’s share price reached a new 52-week high during trading on Monday after Fearnley Fonds upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $18.1550 and last traded at $18.12, with a volume of 23853 shares changing hands. The stock had previously closed at $17.32.
AMKBY has been the topic of a number of other reports. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.
Read Our Latest Stock Report on A.P. Moller-Maersk
A.P. Moller-Maersk Trading Down 3.2%
The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $15.30 and its two-hundred day moving average is $13.41. The firm has a market cap of $55.27 billion, a P/E ratio of 22.38 and a beta of 0.73.
A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. As a group, analysts expect that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal year.
A.P. Moller-Maersk Company Profile
A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.
The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.