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

A.P. Moller-Maersk (OTCMKTS:AMKBY) hit a new 52-week high on Friday . The stock traded as high as $16.85 and last traded at $16.8257, with a volume of 41062 shares trading hands. The stock had previously closed at $16.22.

Analyst Upgrades and Downgrades

AMKBY has been the topic of a number of recent research reports. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. 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. Finally, Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have assigned 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 Stock Up 3.5%

The company has a 50 day moving average of $13.04 and a 200-day moving average of $12.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The company has a market cap of $53.15 billion, a P/E ratio of 21.53 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The business had revenue of $15.76 billion for the quarter, compared to analyst estimates of $14.07 billion. On average, equities analysts predict 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 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.