A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High on Analyst Upgrade

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during mid-day trading on Monday after Fearnley Fonds upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $18.1550 and last traded at $18.12, with a volume of 23853 shares changing hands. The stock had previously closed at $17.32.

AMKBY has been the subject of a number of other research reports. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Finally, The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

A.P. Moller-Maersk Trading Down 3.2%

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 has a market cap of $55.27 billion, a P/E ratio of 22.38 and a beta of 0.73. The firm has a fifty day moving average of $15.30 and a 200-day moving average of $13.41.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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 4.39%. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. Equities research analysts forecast that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.