A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down on Analyst Downgrade

A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped down prior to trading on Friday after Bank of America downgraded the stock from a neutral rating to an underperform rating. The stock had previously closed at $11.65, but opened at $11.23. A.P. Moller-Maersk shares last traded at $11.21, with a volume of 13,045 shares traded.

A number of other brokerages have also recently weighed in on AMKBY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. Wolfe Research reiterated an “underperform” rating on shares of A.P. Moller-Maersk in a research report on Thursday, January 8th. The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Hsbc Global Res raised shares of A.P. Moller-Maersk to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Down 3.7%

The business’s 50-day moving average is $10.99 and its two-hundred day moving average is $10.49. The firm has a market capitalization of $35.52 billion, a price-to-earnings ratio of 7.15 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.05 and a current ratio of 2.16.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, November 6th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.20). The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $13.44 billion. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. On average, equities analysts anticipate that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

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.