A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Rating Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded A.P. Moller-Maersk to “strong-buy” from “hold.” However, broader analyst sentiment remains “Hold,” with two strong-buy, seven hold, and three sell ratings.
• AMKBY shares opened at $18.43, near their 52-week high of $18.52, and were up 0.2%; the company has a $58.34 billion market capitalization.
• Maersk exceeded quarterly expectations, reporting $0.45 in earnings per share versus the $0.14 consensus estimate and revenue of $15.76 billion versus $14.07 billion expected.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

Several other research analysts have also commented on AMKBY. Nordea Equity Research raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, August 14th. 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. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, July 3rd. Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Finally, Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, A.P. Moller-Maersk has an average rating of "Hold".

A.P. Moller-Maersk Trading Up 0.2%

Shares of AMKBY stock opened at $18.43 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. A.P. Moller-Maersk has a 52-week low of $9.23 and a 52-week high of $18.52. The company has a market capitalization of $58.34 billion, a PE ratio of 23.63 and a beta of 0.71. The business's fifty day moving average is $16.51 and its 200 day moving average is $13.81.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted 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. The business had revenue of $15.76 billion during the quarter, compared to analysts' expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. On average, equities research analysts anticipate that A.P. Moller-Maersk will post 2.52 EPS for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk's principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.