A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 52-Week High – Still a Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.7565 and last traded at $11.7565, with a volume of 33794 shares traded. The stock had previously closed at $11.49.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMKBY. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. BNP Paribas downgraded shares of A.P. Moller-Maersk to a “strong sell” rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. BNP Paribas Exane lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 17th. Finally, Hsbc Global Res upgraded A.P. Moller-Maersk to a “strong-buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 0.1%

The business has a fifty day moving average price of $10.57 and a 200-day moving average price of $10.29. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market cap of $38.43 billion, a P/E ratio of 7.73 and a beta of 0.88.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.20). A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $13.44 billion. On average, analysts forecast that A.P. Moller-Maersk will post 0.41 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.