A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down - Time to Sell?

Key Points

• A.P. Moller-Maersk shares gapped down, opening at $11.03 from a prior close of $11.89 and last trading at $11.03 on a volume of about 21,863 shares.
• Analyst sentiment is broadly negative with a MarketBeat consensus of Reduce—seven Sell, four Hold and one Strong Buy—following recent downgrades from Bank of America, Goldman Sachs, Wolfe Research and Clarkson.
• Latest quarter showed an EPS miss ($0.02 vs. $0.12 expected) despite a revenue beat ($13.33B vs. $12.83B), and analysts now forecast roughly -0.2 EPS for the year while the company retains low leverage (debt/equity 0.08) and strong liquidity.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.89, but opened at $11.03. A.P. Moller-Maersk shares last traded at $11.03, with a volume of 21,863 shares traded.

Wall Street Analyst Weigh In

AMKBY has been the topic of several research reports. Bank of America cut A.P. Moller-Maersk from a "neutral" rating to an "underperform" rating in a research report on Friday, January 23rd. Wolfe Research reaffirmed an "underperform" rating on shares of A.P. Moller-Maersk in a research note on Thursday, January 8th. Clarkson Capital raised A.P. Moller-Maersk to a "strong sell" rating in a research note on Monday, February 9th. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a "hold" rating to a "sell" rating in a research note on Wednesday, January 14th. Finally, Kepler Capital Markets raised A.P. Moller-Maersk from a "reduce" rating to a "hold" rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

A.P. Moller-Maersk Price Performance

The firm has a 50 day moving average of $12.53 and a 200-day moving average of $11.59. The company has a market cap of $34.59 billion, a P/E ratio of 12.41 and a beta of 0.70. The company has a current ratio of 2.12, a quick ratio of 2.02 and a debt-to-equity ratio of 0.08.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). The business had revenue of $13.33 billion for the quarter, compared to the consensus estimate of $12.83 billion. A.P. Moller-Maersk had a net margin of 5.05% and a return on equity of 4.87%. On average, equities research analysts predict that A.P. Moller-Maersk will post -0.2 EPS for the current 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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