A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Gets Downgrade from Barclays

A.P. Moller-Maersk (OTCMKTS:AMKBY) was downgraded by equities researchers at Barclays from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts have also issued reports on the company. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Zacks Research upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Finally, The Goldman Sachs Group downgraded shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, A.P. Moller-Maersk currently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 1.5%

Shares of OTCMKTS AMKBY opened at $14.68 on Tuesday. The stock’s 50 day moving average price is $17.40 and its two-hundred day moving average price is $13.98. A.P. Moller-Maersk has a 52-week low of $9.32 and a 52-week high of $18.76. The stock has a market capitalization of $46.47 billion, a P/E ratio of 10.05 and a beta of 0.71. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, November 5th. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). The firm had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $18.25 billion. A.P. Moller-Maersk had a return on equity of 8.14% and a net margin of 7.04%. On average, analysts anticipate that A.P. Moller-Maersk will post 2.95 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains. The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world. Maersk serves businesses across a broad range of industries and operates in markets worldwide.