A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded to Hold at Wolfe Research

Wolfe Research upgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

A number of other research firms also recently issued reports on AMKBY. 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. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday. Finally, Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

OTCMKTS:AMKBY opened at $17.21 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a fifty-two week low of $9.23 and a fifty-two week high of $17.70. The firm’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $13.06. The stock has a market cap of $54.48 billion, a PE ratio of 22.06 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping 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 4.38%. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. Analysts expect that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal 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.