A.P. Moller-Maersk (OTCMKTS:AMKBY) Reaches New 12-Month High - What's Next?

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high, trading as high as $18.33 and closing last at $18.23, up from the previous close of $17.99.
• Analyst sentiment remains cautious despite recent upgrades: one analyst rates the stock Strong Buy, seven rate it Hold, and three rate it Sell, resulting in an overall “Reduce” rating.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.45 versus a $0.14 consensus and revenue of $15.76 billion compared with $14.07 billion expected.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) shares reached a new 52-week high during trading on Tuesday. The company traded as high as $18.33 and last traded at $18.23, with a volume of 11854 shares changing hands. The stock had previously closed at $17.99.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMKBY. Nordea Equity Research upgraded 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 note on Tuesday, September 29th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce".

A.P. Moller-Maersk Stock Up 0.8%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. The company has a market cap of $57.40 billion, a PE ratio of 23.24 and a beta of 0.71. The firm has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $13.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.31. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. Equities research analysts predict that A.P. Moller-Maersk will post 2.52 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.