A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – What’s Next?

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Monday . The stock had previously closed at $16.78, but opened at $17.68. A.P. Moller-Maersk shares last traded at $17.68, with a volume of 17,869 shares.

Analysts Set New Price Targets

AMKBY has been the topic of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The company’s 50-day moving average is $13.29 and its 200-day moving average is $12.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The firm has a market capitalization of $54.36 billion, a price-to-earnings ratio of 22.02 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.38%. The firm had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. On average, research analysts expect that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.