A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Up 5.6% – Here’s Why

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares rose 5.6% during mid-day trading on Monday . The company traded as high as $16.80 and last traded at $16.7920. Approximately 31,634 shares traded hands during trading, a decline of 69% from the average session volume of 103,608 shares. The stock had previously closed at $15.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMKBY. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, June 25th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Up 5.1%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98. The company has a 50 day moving average of $12.84 and a two-hundred day moving average of $12.50. The stock has a market cap of $52.90 billion, a PE ratio of 21.42 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its quarterly earnings data 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 return on equity of 4.38% and a net margin of 4.08%.The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $14.07 billion. Sell-side analysts anticipate that A.P. Moller-Maersk will post 1.13 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

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.