A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 52-Week High - Should You Buy?

Key Points

• A.P. Moller-Maersk shares reached a new 52-week high of $18.02, up from the prior close of $17.21, representing a 2.7% gain.
• Recent earnings surpassed expectations, with quarterly EPS of $0.45 versus the $0.14 consensus estimate and revenue of $15.76 billion compared with the $14.07 billion forecast.
• Analyst sentiment remains cautious: one analyst rates the stock a Strong Buy, eight rate it Hold and four rate it Sell, resulting in a consensus “Reduce” rating.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $18.02 and last traded at $18.02, with a volume of 8121 shares. The stock had previously closed at $17.21.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMKBY. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a 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. Wolfe Research raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Tuesday. Morgan Stanley reiterated an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce".

A.P. Moller-Maersk Stock Up 2.7%

The stock has a market cap of $56.19 billion, a PE ratio of 22.76 and a beta of 0.73. The business has a 50 day moving average price of $14.36 and a 200 day moving average price of $13.09. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. Equities research analysts expect that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

About A.P. Moller-Maersk

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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