A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High - Still a Buy?

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high of $18.68, up from the previous close of $18.43, while trading volume remained relatively light.
• Analyst sentiment is mixed: Zacks Research upgraded the stock to “strong buy,” but the broader consensus remains “Hold,” with two strong-buy, seven hold and three sell ratings.
• The company’s latest quarterly results beat expectations, reporting $0.45 EPS versus $0.14 expected and revenue of $15.76 billion compared with the $14.07 billion consensus estimate.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $18.68 and last traded at $18.68, with a volume of 1,899 shares traded. The stock had previously closed at $18.43.

Analysts Set New Price Targets

A number of equities analysts have commented on AMKBY shares. Zacks Research raised A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. The Goldman Sachs Group raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Citigroup restated a "neutral" rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Finally, Wolfe Research raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

A.P. Moller-Maersk Stock Down 0.8%

The company's fifty day simple moving average is $16.62 and its 200 day simple moving average is $13.84. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $58.47 billion, a P/E ratio of 23.68 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS 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 4.39%. The firm had revenue of $15.76 billion during the quarter, compared to analysts' expectations of $14.07 billion. Research analysts expect that A.P. Moller-Maersk will post 2.52 EPS for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk's principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.

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