A.P. Moller-Maersk (OTCMKTS:AMKBY) Downgraded by Barclays to Strong Sell

Barclays cut shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks reports.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Thursday, October 22nd. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Zacks Research raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

AMKBY opened at $14.68 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $17.40 and its 200-day moving average is $13.98. The stock has a market cap of $46.47 billion, a PE ratio of 10.05 and a beta of 0.71. A.P. Moller-Maersk has a twelve month low of $9.32 and a twelve month high of $18.76.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its earnings results on Thursday, November 5th. The transportation company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.18). A.P. Moller-Maersk had a return on equity of 8.14% and a net margin of 7.04%. The firm had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $18.25 billion. On average, analysts predict that A.P. Moller-Maersk will post 2.95 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains. The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world. Maersk serves businesses across a broad range of industries and operates in markets worldwide.