A.P. Moller-Maersk (OTCMKTS:AMKBY) Downgraded to Underperform Rating by Bank of America

Bank of America downgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a neutral rating to an underperform rating in a research note published on Friday, Marketbeat reports.

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

A.P. Moller-Maersk Stock Down 2.4%

AMKBY opened at $11.37 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $10.50. A.P. Moller-Maersk has a 52 week low of $6.69 and a 52 week high of $12.63. The stock has a market cap of $35.99 billion, a PE ratio of 7.24 and a beta of 0.88.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly 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). A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.44 billion. As a group, research analysts expect that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal 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.