A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Volume Increase – Should You Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares saw an uptick in trading volume on Monday. Approximately 100,998 shares were traded during trading, an increase of 1% from the previous session’s volume of 99,681 shares. The stock last traded at $17.58 and had previously closed at $17.66.

Wall Street Analysts Forecast Growth

AMKBY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. 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 given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

A.P. Moller-Maersk Price Performance

The stock has a market cap of $55.91 billion, a PE ratio of 22.64 and a beta of 0.73. The business has a fifty day moving average of $15.59 and a 200 day moving average of $13.50. 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 issued its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. Sell-side analysts anticipate that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

About A.P. Moller-Maersk

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.