A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down - Here's What Happened

Key Points

• A.P. Moller-Maersk shares opened lower, falling from a prior close of $16.70 to $16.10, with 6,918 shares traded.
• Analyst sentiment remains cautious: Citigroup and Morgan Stanley maintained neutral or underweight ratings, while several firms upgraded the stock from sell or strong sell to hold. MarketBeat’s consensus rating is “Reduce.”
• The company exceeded quarterly expectations, reporting $0.45 in EPS versus a $0.14 estimate and $15.76 billion in revenue versus a $14.07 billion consensus forecast.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $16.70, but opened at $16.10. A.P. Moller-Maersk shares last traded at $16.10, with a volume of 6,918 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMKBY. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Monday. Fearnley Fonds raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, August 14th. Morgan Stanley reiterated an "underweight" rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce".

A.P. Moller-Maersk Price Performance

The stock has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $12.56. The company has a market cap of $51.08 billion, a PE ratio of 20.69 and a beta of 0.70. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced 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. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.38%. The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. Equities analysts expect that A.P. Moller-Maersk will post 1.76 EPS for the current year.

A.P. Moller-Maersk Company Profile

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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