A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $10.13 and last traded at $10.09, with a volume of 7060 shares traded. The stock had previously closed at $10.05.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Fearnley Fonds cut A.P. Moller-Maersk from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, April 22nd. Citigroup upgraded shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce".
Read Our Latest Research Report on A.P. Moller-Maersk
A.P. Moller-Maersk Stock Up 0.2%
The stock's fifty day moving average is $9.46 and its two-hundred day moving average is $8.64. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.07. The firm has a market cap of $33.76 billion, a P/E ratio of 4.72 and a beta of 1.07.
A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.73 billion. A.P. Moller-Maersk had a net margin of 12.57% and a return on equity of 12.56%. As a group, research analysts anticipate that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.
About A.P. Moller-Maersk
(
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A.P. Møller - Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.
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