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

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high, rising 2.8% to $18.18 and trading above their 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: although several firms upgraded the stock, its overall MarketBeat rating is “Reduce,” with one Strong Buy, seven Holds and three Sells.
• The company exceeded quarterly expectations, reporting $0.45 in 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 on Tuesday. The stock traded as high as $18.20 and last traded at $18.18, with a volume of 19698 shares trading hands. The stock had previously closed at $17.67.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wolfe Research raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, August 14th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Citigroup reaffirmed a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, A.P. Moller-Maersk currently has an average rating of "Reduce".

A.P. Moller-Maersk Stock Up 2.8%

The business's fifty day moving average price is $15.69 and its 200 day moving average price is $13.54. The company has a market capitalization of $57.52 billion, a P/E ratio of 23.30 and a beta of 0.73. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $15.76 billion for the quarter, compared to analysts' expectations of $14.07 billion. As a group, equities research analysts predict that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

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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