A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 52-Week High – Time to Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.65 and last traded at $12.57, with a volume of 57788 shares traded. The stock had previously closed at $12.24.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMKBY. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Bank of America downgraded shares of A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Friday, January 23rd. Nordea Equity Research lowered shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of A.P. Moller-Maersk in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Up 2.9%

The firm has a market cap of $39.89 billion, a P/E ratio of 8.03 and a beta of 0.87. The stock has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $10.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.05 and a current ratio of 2.16.

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