A.P. Moller-Maersk (OTCMKTS:AMKBY) Reaches New 1-Year High - What's Next?

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high, trading as high as $18.1550 and closing near $18.12, up from the prior close of $17.32.
• Analyst sentiment remains cautious: although several firms upgraded the stock from “sell” to “hold,” the consensus rating is “Reduce,” with eight Hold, three Sell and one Strong Buy ratings.
• The company beat quarterly expectations, reporting $0.45 EPS versus a $0.14 estimate and $15.76 billion in revenue versus $14.07 billion expected; analysts project $2.20 EPS for the full year.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $18.1550 and last traded at $18.12, with a volume of 23853 shares trading hands. The stock had previously closed at $17.32.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMKBY shares. 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. Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. 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. Finally, Citigroup restated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, A.P. Moller-Maersk currently has an average rating of "Reduce".

A.P. Moller-Maersk Price Performance

The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $13.34. The company has a market capitalization of $57.05 billion, a price-to-earnings ratio of 23.10 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. As a group, research analysts anticipate that A.P. Moller-Maersk will post 2.2 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 that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.

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