A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 12-Month High – Here’s Why

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $12.69 and last traded at $12.58, with a volume of 32336 shares changing hands. The stock had previously closed at $12.36.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMKBY shares. Nordea Equity Research downgraded A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a report on Friday, January 30th. Clarkson Capital raised shares of A.P. Moller-Maersk to a “strong sell” rating in a research report on Monday, February 9th. Kepler Capital Markets raised shares of A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. Bank of America downgraded shares of A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Up 1.8%

The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of 14.30 and a beta of 0.87. The business’s 50-day moving average price is $11.82 and its 200 day moving average price is $10.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 2.05.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). A.P. Moller-Maersk had a net margin of 5.05% and a return on equity of 4.87%. The firm had revenue of $13.33 billion for the quarter, compared to analyst estimates of $12.83 billion. On average, equities analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

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.