A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High – Should You Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $16.85 and last traded at $16.8257, with a volume of 41062 shares traded. The stock had previously closed at $16.22.

Wall Street Analyst Weigh In

A number of research firms have commented on AMKBY. 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. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Finally, Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The stock has a fifty day moving average of $13.10 and a 200-day moving average of $12.64. The firm has a market capitalization of $53.12 billion, a P/E ratio of 21.51 and a beta of 0.70. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.07 billion. Equities analysts predict that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal 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.