A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded to Strong-Buy at Fearnley Fonds

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by research analysts at Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. 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. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, A.P. Moller-Maersk presently has a consensus rating of “Hold”.

A.P. Moller-Maersk Stock Up 4.1%

A.P. Moller-Maersk stock opened at $18.03 on Monday. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $18.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. The firm has a market cap of $57.08 billion, a PE ratio of 23.12 and a beta of 0.73. The firm’s 50 day moving average price is $15.21 and its two-hundred day moving average price is $13.38.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings results 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 net margin of 4.08% and a return on equity of 4.39%. The business had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. On average, research analysts predict 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 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.