A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 52-Week High - Time to Buy?

Key Points

• A.P. Moller-Maersk's share price hit a new 52-week high of $11.45, closing at $11.43 with a trading volume of 481,584 shares.
• The company's quarterly earnings surpassed expectations, reporting $0.20 EPS, exceeding the consensus estimate of $0.14, with revenues of $13.13 billion.
• Analyst ratings are mixed, with Morgan Stanley maintaining an "underweight" rating, Fearnley Fonds dropping its rating from "strong-buy" to "strong sell," and Citigroup holding a "neutral" stance.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $11.45 and last traded at $11.43, with a volume of 481584 shares trading hands. The stock had previously closed at $10.78.

Analyst Ratings Changes

Several research analysts have recently commented on AMKBY shares. Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday. Fearnley Fonds lowered shares of A.P. Moller-Maersk from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, April 22nd. Finally, Citigroup restated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Friday. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

A.P. Moller-Maersk Trading Up 6.1%

The company's 50 day moving average price is $9.76 and its 200 day moving average price is $8.94. The company has a market cap of $36.18 billion, a price-to-earnings ratio of 5.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.05 and a current ratio of 2.14.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The transportation company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. A.P. Moller-Maersk had a net margin of 12.11% and a return on equity of 12.34%. The company had revenue of $13.13 billion for the quarter, compared to analyst estimates of $12.34 billion. Research analysts anticipate that A.P. Moller-Maersk will post 0.41 EPS for the current year.

About A.P. Moller-Maersk

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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