A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded at Fearnley Fonds

Fearnley Fonds upgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks reports.

Several other research analysts have also recently issued reports on AMKBY. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Finally, Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, A.P. Moller-Maersk has an average rating of “Hold”.

A.P. Moller-Maersk Price Performance

Shares of AMKBY stock opened at $17.55 on Monday. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $18.16. The stock has a market capitalization of $55.56 billion, a price-to-earnings ratio of 22.50 and a beta of 0.73. The stock has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $13.44. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. On average, analysts predict that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.