A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 1-Year High – Here’s What Happened

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price reached a new 52-week high on Monday. The stock traded as high as $18.68 and last traded at $18.68, with a volume of 1,899 shares trading hands. The stock had previously closed at $18.43.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMKBY shares. Zacks Research upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

A.P. Moller-Maersk Price Performance

The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 23.58 and a beta of 0.71. The company has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $13.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. As a group, equities research analysts expect that A.P. Moller-Maersk will post 2.52 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.