A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $17.47 and traded as high as $17.83. A.P. Moller-Maersk shares last traded at $17.74, with a volume of 132,116 shares trading hands.
Analysts Set New Price Targets
AMKBY has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Tuesday, September 29th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Thursday. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Wolfe Research raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.
Get Our Latest Stock Report on A.P. Moller-Maersk
A.P. Moller-Maersk Trading Up 3.8%
The business has a 50 day moving average of $17.47 and a two-hundred day moving average of $13.69. The firm has a market capitalization of $56.16 billion, a price-to-earnings ratio of 22.74 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03.
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 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Equities analysts predict that A.P. Moller-Maersk will post 2.90 EPS for the current year.
About A.P. Moller-Maersk
A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.
In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.
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