A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – What’s Next?

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up prior to trading on Monday . The stock had previously closed at $16.78, but opened at $17.68. A.P. Moller-Maersk shares last traded at $17.68, with a volume of 17,869 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on AMKBY shares. 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. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, A.P. Moller-Maersk currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Up 4.1%

The firm has a 50 day moving average of $13.10 and a two-hundred day moving average of $12.65. The firm has a market capitalization of $55.29 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. As a group, sell-side analysts anticipate 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 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.