A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) shares rose 5.6% during trading on Monday . The stock traded as high as $16.80 and last traded at $16.7920. Approximately 31,634 shares traded hands during trading, a decline of 69% from the average session volume of 103,608 shares. The stock had previously closed at $15.90.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday. Finally, Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on AMKBY
A.P. Moller-Maersk Stock Performance
A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last released its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The firm had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. As a group, sell-side analysts expect that A.P. Moller-Maersk will post 1.76 earnings per share for the current fiscal year.
About A.P. Moller-Maersk
A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.
The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.
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