A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Here’s Why

A.P. Moller-Maersk (OTCMKTS:AMKBYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $9.88, but opened at $10.15. A.P. Moller-Maersk shares last traded at $10.13, with a volume of 35,574 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on AMKBY shares. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Friday, August 8th. BNP Paribas Exane cut A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 17th. Hsbc Global Res upgraded A.P. Moller-Maersk to a “strong-buy” rating in a research report on Monday, September 29th. BNP Paribas cut A.P. Moller-Maersk to a “strong sell” rating in a research report on Wednesday, September 17th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Check Out Our Latest Report on A.P. Moller-Maersk

A.P. Moller-Maersk Trading Up 2.7%

The business has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $9.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 2.06. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 4.63 and a beta of 1.02.

A.P. Moller-Maersk (OTCMKTS:AMKBYGet Free Report) last issued its earnings results on Thursday, August 7th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $13.13 billion during the quarter, compared to analysts’ expectations of $12.34 billion. A.P. Moller-Maersk had a return on equity of 12.33% and a net margin of 12.11%. As a group, equities analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

A.P. Moller-Maersk Company Profile

(Get Free Report)

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.

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