A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded by Hsbc Global Res to Strong-Buy Rating

Key Points

• A.P. Moller-Maersk has been upgraded to a strong-buy rating by Hsbc Global Res, indicating a positive outlook from analysts.
• Despite the upgrade, opinions are mixed with other brokerages issuing underweight and neutral ratings, resulting in a consensus rating of "Reduce".
• The company posted earnings of $0.20 per share, surpassing analysts' expectations; however, it has a low net margin of 12.11%.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was upgraded by equities research analysts at Hsbc Global Res to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages also recently commented on AMKBY. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, August 8th. Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Friday, August 8th. BNP Paribas Exane downgraded shares of A.P. Moller-Maersk from a "neutral" rating to an "underperform" rating in a report on Wednesday, September 17th. Finally, BNP Paribas lowered shares of A.P. Moller-Maersk to a "strong sell" rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

A.P. Moller-Maersk Price Performance

Shares of OTCMKTS:AMKBY opened at $9.93 on Monday. A.P. Moller-Maersk has a twelve month low of $6.69 and a twelve month high of $11.50. The stock's 50 day moving average is $10.46 and its 200-day moving average is $9.46. The company has a quick ratio of 1.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 4.53 and a beta of 1.02.

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, beating analysts' consensus estimates of $0.14 by $0.06. A.P. Moller-Maersk had a net margin of 12.11% and a return on equity of 12.33%. The business had revenue of $13.13 billion during the quarter, compared to analyst estimates of $12.34 billion. Sell-side analysts forecast that A.P. Moller-Maersk will post 0.41 EPS for the current fiscal year.

A.P. Moller-Maersk Company Profile

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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