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

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Monday . The stock had previously closed at $16.78, but opened at $17.68. A.P. Moller-Maersk shares last traded at $17.68, with a volume of 17,869 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Nordea Equity Research raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The firm has a market cap of $55.29 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98. The business has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $12.65.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. The company 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 research analysts expect that A.P. Moller-Maersk will post 2.2 earnings per share for the current 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.