A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up - Still a Buy?

Key Points

• A.P. Moller-Maersk shares jumped 3.7%, opening at $17.99 versus a prior close of $17.27, with the stock later trading near $17.83.
• Analyst sentiment remains cautious: one analyst rates the stock Strong Buy, eight rate it Hold and four rate it Sell, resulting in an average MarketBeat rating of “Reduce.”
• The company beat quarterly expectations, reporting $0.45 EPS versus a $0.14 estimate and revenue of $15.76 billion versus $14.07 billion expected; analysts project full-year EPS of approximately $2.20.

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $17.27, but opened at $17.99. A.P. Moller-Maersk shares last traded at $17.8250, with a volume of 30,367 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AMKBY shares. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, July 3rd. Fearnley Fonds upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. Wolfe Research raised shares of A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

A.P. Moller-Maersk Stock Up 3.7%

The stock's 50 day simple moving average is $14.56 and its 200 day simple moving average is $13.16. The stock has a market capitalization of $56.68 billion, a P/E ratio of 22.96 and a beta of 0.73. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its 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 net margin of 4.08% and a return on equity of 4.39%. The business had revenue of $15.76 billion for the quarter, compared to analyst estimates of $14.07 billion. As a group, research analysts predict 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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