A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down – Should You Sell?

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares gapped down prior to trading on Monday. The stock had previously closed at $15.50, but opened at $14.79. A.P. Moller-Maersk shares last traded at $14.80, with a volume of 5,445 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on AMKBY. UBS Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 21st. 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. Zacks Research raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Tuesday, September 29th. Finally, Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The firm has a market capitalization of $47.07 billion, a PE ratio of 10.18 and a beta of 0.71. The business has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $13.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, November 5th. The transportation company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). The firm had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $18.25 billion. A.P. Moller-Maersk had a net margin of 7.04% and a return on equity of 8.14%. Equities research analysts expect that A.P. Moller-Maersk will post 2.95 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains.

The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world.

Maersk serves businesses across a broad range of industries and operates in markets worldwide.