A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Volume Increase - Should You Buy?

Key Points

• Trading volume surged 139% to 249,954 shares, while A.P. Moller-Maersk’s stock rose 1.3% to $18.22.
• Analyst sentiment has improved, with two firms upgrading the stock to “strong buy,” but the broader consensus remains “Hold” based on two Strong Buy, seven Hold, and three Sell ratings.
• The company exceeded quarterly expectations, reporting $0.45 EPS versus a $0.14 estimate and $15.76 billion in revenue versus a $14.07 billion forecast.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) shares saw unusually-strong trading volume on Friday. 249,954 shares were traded during mid-day trading, an increase of 139% from the previous session's volume of 104,487 shares. The stock last traded at $18.22 and had previously closed at $18.12.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMKBY. Fearnley Fonds raised A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 21st. Zacks Research raised shares of A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Wolfe Research raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Finally, The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

A.P. Moller-Maersk Trading Up 1.3%

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 stock has a market capitalization of $57.74 billion, a P/E ratio of 23.38 and a beta of 0.71. The firm's 50-day simple moving average is $17.04 and its 200 day simple moving average is $13.99.

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, topping the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates 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 anticipate that A.P. Moller-Maersk will post 2.52 EPS for the current fiscal 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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