A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 52-Week High – Still a Buy?

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price reached a new 52-week high on Tuesday. The company traded as high as $18.33 and last traded at $18.23, with a volume of 11854 shares. The stock had previously closed at $17.99.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMKBY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Finally, The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 1.9%

The stock has a market cap of $58.22 billion, a P/E ratio of 23.58 and a beta of 0.71. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $16.41 and its 200 day moving average price is $13.77.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. Equities research analysts expect that A.P. Moller-Maersk will post 2.52 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.