Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.02 and last traded at $18.02, with a volume of 8121 shares trading hands. The stock had previously closed at $17.21.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on AMKBY shares. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Check Out Our Latest Report on AMKBY
A.P. Moller-Maersk Trading Down 2.4%
A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last issued its quarterly 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 return on equity of 4.39% and a net margin of 4.08%.The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. Sell-side analysts anticipate that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal year.
About A.P. Moller-Maersk
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.
Recommended Stories
- Five stocks we like better than A.P. Moller-Maersk
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Receive News & Ratings for A.P. Moller-Maersk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.P. Moller-Maersk and related companies with MarketBeat.com's FREE daily email newsletter.
