A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Rating Upgraded by Wolfe Research

Key Points

• Wolfe Research upgraded A.P. Moller-Maersk from “strong sell” to “hold.” Despite several recent upgrades, analyst sentiment remains cautious, with a consensus rating of “Reduce.”
• AMKBY shares opened at $17.21, near their 12-month high of $17.70, and were trading above both their 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $0.45 in earnings per share versus a $0.14 estimate and revenue of $15.76 billion versus expectations of $14.07 billion.

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

Several other research firms have also recently issued reports on AMKBY. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, August 14th. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. Finally, Citigroup restated a "neutral" rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

A.P. Moller-Maersk Stock Performance

Shares of AMKBY opened at $17.21 on Tuesday. The business's fifty day simple moving average is $14.25 and its two-hundred day simple moving average is $13.06. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 12 month low of $9.23 and a 12 month high of $17.70. The company 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.31. The firm 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 4.38% and a net margin of 4.08%. Research analysts anticipate that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal 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.

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