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

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up before the market opened on Monday. The stock had previously closed at $17.09, but opened at $17.6253. A.P. Moller-Maersk shares last traded at $17.67, with a volume of 6,587 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMKBY. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. UBS Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Fearnley Fonds raised A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Finally, Zacks Research raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The stock’s 50 day simple moving average is $17.52 and its two-hundred day simple moving average is $13.75.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.31. The company had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. As a group, equities analysts expect that A.P. Moller-Maersk will post 2.90 EPS for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.