A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Rating Upgraded by Fearnley Fonds

Key Points

• Fearnley Fonds upgraded A.P. Moller-Maersk from “hold” to “strong buy,” although the broader analyst consensus remains “Hold,” with two Strong Buy, seven Hold and three Sell ratings.
• The stock rose 4.1% to $18.03, near its 52-week high of $18.16, with a market capitalization of approximately $57.1 billion.
• Maersk exceeded quarterly expectations, reporting $0.45 in EPS versus the $0.14 consensus estimate and revenue of $15.76 billion versus estimates of $14.07 billion.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was upgraded by Fearnley Fonds from a "hold" rating to a "strong-buy" rating in a report released on Monday, Zacks reports.

Several other equities analysts also recently issued reports on the company. Nordea Equity Research upgraded 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 report on Friday, July 3rd. Citigroup reaffirmed a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Finally, Wolfe Research raised A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

A.P. Moller-Maersk Stock Up 4.1%

OTCMKTS:AMKBY opened at $18.03 on Monday. The stock has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $13.38. A.P. Moller-Maersk has a one year low of $9.23 and a one year high of $18.16. The company has a market capitalization of $57.08 billion, a price-to-earnings ratio of 23.12 and a beta of 0.73. 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 (OTCMKTS:AMKBY - Get Free Report) 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 4.39% and a net margin of 4.08%.The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. Sell-side analysts predict that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

A.P. Moller-Maersk Company Profile

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.

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.