A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded by Wolfe Research to “Hold” Rating

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by investment analysts at Wolfe Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other analysts also recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Fearnley Fonds raised 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 upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

Shares of AMKBY opened at $17.21 on Tuesday. The business has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $13.06. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 52 week low of $9.23 and a 52 week high of $17.70. The stock has a market cap of $54.48 billion, a price-to-earnings ratio of 22.06 and a beta of 0.73.

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