A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

Several other brokerages have also recently commented on AMKBY. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group upgraded shares of 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 report on Friday, August 14th. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

A.P. Moller-Maersk Stock Up 0.2%

OTCMKTS:AMKBY opened at $18.43 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. The company has a market cap of $58.34 billion, a PE ratio of 23.63 and a beta of 0.71. A.P. Moller-Maersk has a 52-week low of $9.23 and a 52-week high of $18.52. The stock has a 50-day simple moving average of $16.51 and a 200 day simple moving average of $13.81.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%.The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. On average, sell-side analysts expect that A.P. Moller-Maersk will post 2.52 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 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.