A.P. Moller-Maersk (OTCMKTS:AMKBY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) have earned a consensus rating of “Reduce” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

AMKBY has been the subject of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th.

A.P. Moller-Maersk Stock Down 0.7%

Shares of A.P. Moller-Maersk stock opened at $17.30 on Friday. The company has a market cap of $54.78 billion, a P/E ratio of 22.19 and a beta of 0.73. 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 has a one year low of $9.23 and a one year high of $18.02. The firm has a fifty day moving average of $15.10 and a two-hundred day moving average of $13.34.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share 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 4.39%. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. On average, analysts forecast that A.P. Moller-Maersk will post 2.2 earnings per share 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.