A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 87,622 shares, an increase of 107.3% from the September 15th total of 42,270 shares. Based on an average daily volume of 226,312 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on AMKBY shares. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Tuesday, September 29th. Zacks Research upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Two research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Stock Analysis on AMKBY
A.P. Moller-Maersk Trading Down 0.6%
OTCMKTS:AMKBY opened at $18.01 on Friday. A.P. Moller-Maersk has a 12 month low of $9.32 and a 12 month high of $18.76. 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 firm’s 50 day moving average is $17.04 and its 200 day moving average is $13.99. The stock has a market capitalization of $57.02 billion, a PE ratio of 21.57 and a beta of 0.71.
A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. Sell-side analysts expect that A.P. Moller-Maersk will post 2.52 earnings per share for the current year.
A.P. Moller-Maersk Company Profile
A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.
Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.
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