A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – What’s Next?

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Friday . The stock had previously closed at $16.40, but opened at $17.30. A.P. Moller-Maersk shares last traded at $17.3750, with a volume of 6,370 shares trading hands.

Analyst Upgrades and Downgrades

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

A.P. Moller-Maersk Stock Performance

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 stock has a market cap of $55.38 billion, a P/E ratio of 22.43 and a beta of 0.73. The firm has a 50 day moving average of $13.94 and a two-hundred day moving average of $12.94.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. On average, research analysts predict that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal 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.