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

Key Points

• A.P. Moller-Maersk shares experienced unusually high trading volume, with about 100,998 shares changing hands, while the stock slipped to $17.58 from a prior close of $17.66.
• Analyst sentiment remains mixed but leans toward “Hold”: two analysts rate the stock a Strong Buy, seven recommend Hold, and three rate it Sell.
• The company exceeded quarterly expectations, reporting $0.45 in EPS versus the $0.14 consensus and revenue of $15.76 billion versus the expected $14.07 billion. Its relatively low debt-to-equity ratio and strong liquidity add to the company’s financial stability.

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) saw unusually-strong trading volume on Monday. Approximately 100,998 shares were traded during trading, an increase of 1% from the previous session's volume of 99,681 shares. The stock last traded at $17.58 and had previously closed at $17.66.

Wall Street Analysts Forecast Growth

AMKBY has been the topic of a number of recent research reports. Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, August 14th. Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. Finally, Wolfe Research upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

A.P. Moller-Maersk Stock Performance

The company's 50-day moving average price is $15.59 and its two-hundred day moving average price is $13.50. The company has a market capitalization of $55.91 billion, a price-to-earnings ratio of 22.64 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last released its earnings results 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 analysts' expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. On average, equities research analysts anticipate that A.P. Moller-Maersk will post 2.2 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 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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