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

Key Points

• A.P. Moller-Maersk shares gapped up from a previous close of $10.78 to an opening price of $11.27, reflecting investor interest before the market opened.
• Despite a strong quarterly earnings report with revenue exceeding expectations, analysts have shown caution, with Citigroup maintaining a "neutral" rating and Fearnley Fonds downgrading the stock to "strong sell."
• The company has a market capitalization of $36.20 billion and reported earnings of $0.20 EPS for the last quarter, surpassing analysts' expectations.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $10.78, but opened at $11.27. A.P. Moller-Maersk shares last traded at $11.29, with a volume of 17,078 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Fearnley Fonds downgraded A.P. Moller-Maersk from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, April 22nd. Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Friday, August 8th. Finally, Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research report on Friday, August 8th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

A.P. Moller-Maersk Stock Down 3.5%

The firm has a 50-day moving average price of $9.85 and a 200 day moving average price of $8.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.14 and a quick ratio of 2.05. The company has a market cap of $35.04 billion, a price-to-earnings ratio of 5.05 and a beta of 1.07.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its earnings results on Thursday, August 7th. The transportation company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. A.P. Moller-Maersk had a return on equity of 12.34% and a net margin of 12.11%. The company had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $12.34 billion. Sell-side analysts predict 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.