A.P. Moller-Maersk (OTCMKTS:AMKBY) Given Consensus Recommendation of “Reduce” by Analysts

A.P. Moller-Maersk (OTCMKTS:AMKBY) has been given a consensus rating of “Reduce” by the thirteen ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a strong buy recommendation to the company.

Several research firms have commented on AMKBY. 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. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th.

A.P. Moller-Maersk Stock Down 2.4%

AMKBY stock opened at $17.27 on Friday. The firm’s fifty day simple moving average is $14.56 and its 200-day simple moving average is $13.15. The company has a market capitalization of $54.67 billion, a P/E ratio of 22.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.85. A.P. Moller-Maersk has a 12 month low of $9.23 and a 12 month high of $18.02.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. As a group, equities research analysts forecast 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 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.