Barclays Upgrades A.P. Moller-Maersk (OTCMKTS:AMKBY) to Hold

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by equities research analysts at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other brokerages also recently issued reports on AMKBY. Kepler Capital Markets raised A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research note on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, February 9th. Bank of America downgraded shares of A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Friday, January 23rd. The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Finally, Wolfe Research restated an “underperform” rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Up 0.9%

AMKBY stock opened at $13.21 on Friday. The company has a market cap of $41.82 billion, a price-to-earnings ratio of 15.01 and a beta of 0.87. The company has a current ratio of 2.12, a quick ratio of 2.02 and a debt-to-equity ratio of 0.08. A.P. Moller-Maersk has a 12 month low of $6.69 and a 12 month high of $13.50. The firm has a 50-day moving average of $12.11 and a two-hundred day moving average of $10.93.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). The company had revenue of $13.33 billion for the quarter, compared to analyst estimates of $12.83 billion. A.P. Moller-Maersk had a return on equity of 4.87% and a net margin of 5.05%. As a group, analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

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.