A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Should You Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $17.27, but opened at $17.99. A.P. Moller-Maersk shares last traded at $17.8250, with a volume of 30,367 shares changing hands.

Analyst Ratings Changes

AMKBY has been the topic of a number of research analyst reports. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Finally, The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The stock has a market capitalization of $56.84 billion, a PE ratio of 23.02 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $14.79 and a 200-day moving average of $13.24.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.31. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. Equities analysts anticipate that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal 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.