A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High – Here’s Why

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during trading on Thursday . The stock traded as high as $18.02 and last traded at $18.02, with a volume of 8121 shares changing hands. The stock had previously closed at $17.21.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMKBY shares. 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. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average is $14.36 and its 200 day moving average is $13.09. The company has a market cap of $56.19 billion, a PE ratio of 22.76 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data 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 net margin of 4.08% and a return on equity of 4.38%. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate 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.

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.