A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up - Here's What Happened

Key Points

• A.P. Moller-Maersk shares rose 3.6%, opening at $17.6253 versus a prior close of $17.09 and later trading at $17.67 on volume of 6,587 shares.
• Analyst sentiment remains mixed: two analysts rate the stock a Strong Buy, six recommend Hold and five recommend Sell, resulting in MarketBeat’s average rating of “Reduce.”
• The company beat quarterly expectations, reporting EPS of $0.45 versus a $0.14 consensus and revenue of $15.76 billion versus $14.07 billion expected; analysts project full-year EPS of $2.90.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $17.09, but opened at $17.6253. A.P. Moller-Maersk shares last traded at $17.67, with a volume of 6,587 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMKBY. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Zacks Research upgraded A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Nordea Equity Research raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, August 14th. UBS Group lowered A.P. Moller-Maersk from a "hold" rating to a "sell" rating in a research note on Wednesday, October 21st. Finally, Fearnley Fonds upgraded A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, A.P. Moller-Maersk presently has an average rating of "Reduce".

A.P. Moller-Maersk Stock Up 3.6%

The company has a market cap of $56.07 billion, a P/E ratio of 22.71 and a beta of 0.71. 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 business's 50 day moving average is $17.50 and its 200 day moving average is $14.22.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. The business had revenue of $15.76 billion for the quarter, compared to analysts' expectations of $14.07 billion. As a group, equities analysts anticipate that A.P. Moller-Maersk will post 2.90 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.

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