A.P. Moller-Maersk (OTCMKTS:AMKBY) Reaches New 12-Month High – What’s Next?

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $18.20 and last traded at $18.18, with a volume of 19698 shares. The stock had previously closed at $17.67.

Analyst Ratings Changes

Several brokerages have recently commented on AMKBY. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Finally, Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, A.P. Moller-Maersk currently has a consensus rating of “Reduce”.

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A.P. Moller-Maersk Stock Up 2.8%

The stock has a market cap of $57.52 billion, a P/E ratio of 23.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. The firm’s 50-day moving average is $15.69 and its two-hundred day moving average is $13.54.

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

A.P. Moller-Maersk Company Profile

(Get Free Report)

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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