A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 476,808 shares, a growth of 444.2% from the September 30th total of 87,622 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 220,214 shares, the short-interest ratio is presently 2.2 days.
A.P. Moller-Maersk Price Performance
Shares of AMKBY opened at $17.52 on Wednesday. A.P. Moller-Maersk has a 12-month low of $9.32 and a 12-month high of $18.76. The firm has a fifty day moving average price of $17.52 and a 200-day moving average price of $13.75.
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 EPS 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. On average, sell-side analysts anticipate that A.P. Moller-Maersk will post 2.90 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Tuesday, September 29th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Zacks Research upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, The Goldman Sachs Group lowered A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce”.
Read Our Latest Analysis on AMKBY
A.P. Moller-Maersk Company Profile
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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