A.P. Moller-Maersk (OTCMKTS:AMKBY) Hits New 1-Year High – Here’s What Happened

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $12.65 and last traded at $12.57, with a volume of 57788 shares changing hands. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

AMKBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. Wolfe Research reiterated an “underperform” rating on shares of A.P. Moller-Maersk in a research report on Thursday, January 8th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. The Goldman Sachs Group downgraded shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Finally, Nordea Equity Research lowered A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Up 2.9%

The firm has a market cap of $39.89 billion, a PE ratio of 8.03 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.05 and a current ratio of 2.16. The company’s 50-day simple moving average is $11.39 and its two-hundred day simple moving average is $10.63.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.20). A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.44 billion. On average, analysts predict that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

A.P. Moller-Maersk Company Profile

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.