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

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Tuesday . The stock had previously closed at $11.37, but opened at $11.96. A.P. Moller-Maersk shares last traded at $12.08, with a volume of 4,770 shares.

Analysts Set New Price Targets

AMKBY has been the topic of a number of research analyst reports. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, November 13th. Bank of America downgraded A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a report on Friday. The Goldman Sachs Group downgraded shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. Finally, Wolfe Research restated an “underperform” rating on shares of A.P. Moller-Maersk in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, A.P. Moller-Maersk currently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 2.8%

The company has a market cap of $38.18 billion, a P/E ratio of 7.68 and a beta of 0.88. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $11.06 and a two-hundred day moving average price of $10.53.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.20). The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $13.44 billion. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. On average, analysts predict that A.P. Moller-Maersk will post 0.41 EPS for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.