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

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) have been assigned a consensus rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating on the company.

Several analysts have issued reports on the company. 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. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday. Finally, Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th.

A.P. Moller-Maersk Trading Up 5.0%

Shares of AMKBY stock opened at $16.70 on Tuesday. The business has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $12.53. A.P. Moller-Maersk has a 12-month low of $9.23 and a 12-month high of $16.83. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The firm has a market cap of $52.87 billion, a P/E ratio of 21.41 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. Equities analysts anticipate that A.P. Moller-Maersk will post 1.13 EPS 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.