A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down - Time to Sell?

Key Points

• A.P. Moller-Maersk shares gapped down from $17.925 to $17.32 and last traded at $17.42, with the stock reported down 3.6%.
• Analyst sentiment remains cautious: one analyst rates the stock Strong Buy, eight recommend Hold and four recommend Sell, resulting in an average “Reduce” rating.
• The company exceeded quarterly expectations, reporting $0.45 in earnings per share versus a $0.14 consensus estimate and $15.76 billion in revenue versus $14.07 billion expected.

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $17.9250, but opened at $17.32. A.P. Moller-Maersk shares last traded at $17.42, with a volume of 5,263 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Fearnley Fonds raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. 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 report on Friday, July 3rd. Wolfe Research upgraded shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. Finally, Nordea Equity Research raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, A.P. Moller-Maersk has an average rating of "Reduce".

A.P. Moller-Maersk Stock Down 3.6%

The firm has a market capitalization of $54.80 billion, a price-to-earnings ratio of 22.19 and a beta of 0.73. The business has a 50 day moving average of $14.79 and a 200 day moving average of $13.24. 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 posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.31. The firm had revenue of $15.76 billion for 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%. On average, equities 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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