A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High - Here's Why

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high, trading as high as $16.85 versus a previous close of $16.22.
• The company exceeded quarterly expectations, reporting $0.45 in earnings per share compared with a $0.14 consensus estimate and revenue of $15.76 billion versus $14.07 billion expected.
• Despite several analyst upgrades to “Hold,” Wall Street remains cautious: the stock has a consensus rating of “Reduce,” with one Strong Buy, seven Holds and five Sell ratings.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.85 and last traded at $16.8257, with a volume of 41062 shares. The stock had previously closed at $16.22.

Wall Street Analyst Weigh In

AMKBY has been the subject of several research analyst reports. The Goldman Sachs Group raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, July 3rd. 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. Fearnley Fonds upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. Finally, Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, A.P. Moller-Maersk currently has a consensus rating of "Reduce".

A.P. Moller-Maersk Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The firm has a market capitalization of $53.15 billion, a PE ratio of 21.53 and a beta of 0.70. The company's fifty day simple moving average is $13.04 and its 200 day simple moving average is $12.62.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its 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 the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.38%. As a group, equities research analysts expect that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company's core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.

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