Zacks Research Upgrades A.P. Moller-Maersk (OTCMKTS:AMKBY) to “Strong-Buy”

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

Other analysts also recently issued research reports about the stock. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Fearnley Fonds raised A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

A.P. Moller-Maersk Trading Up 0.2%

Shares of A.P. Moller-Maersk stock opened at $18.43 on Wednesday. The firm has a 50-day simple moving average of $16.51 and a two-hundred day simple moving average of $13.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. A.P. Moller-Maersk has a fifty-two week low of $9.23 and a fifty-two week high of $18.52. The company has a market cap of $58.34 billion, a P/E ratio of 23.63 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. As a group, equities analysts predict that A.P. Moller-Maersk will post 2.52 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 headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.