A.P. Moller-Maersk (OTCMKTS:AMKBY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) have been assigned a consensus rating of “Reduce” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

AMKBY has been the subject of several research reports. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th.

A.P. Moller-Maersk Price Performance

Shares of AMKBY stock opened at $17.43 on Tuesday. The business’s fifty day moving average is $13.19 and its 200 day moving average is $12.68. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market cap of $55.18 billion, a price-to-earnings ratio of 22.35 and a beta of 0.70. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $17.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data 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 4.38% and a net margin of 4.08%.The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. Research analysts expect that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

About A.P. Moller-Maersk

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.