A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Still a Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $17.27, but opened at $17.99. A.P. Moller-Maersk shares last traded at $17.8250, with a volume of 30,367 shares traded.

Analyst Upgrades and Downgrades

AMKBY has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Nordea Equity Research upgraded 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 report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, A.P. Moller-Maersk presently has a consensus rating of “Reduce”.

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A.P. Moller-Maersk Trading Up 3.7%

The business’s 50-day simple moving average is $14.56 and its 200-day simple moving average is $13.16. 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 company has a market cap of $56.68 billion, a PE ratio of 22.96 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. As a group, analysts expect that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

A.P. Moller-Maersk Company Profile

(Get Free Report)

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.

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