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

A.P. Moller-Maersk (OTCMKTS:AMKBY) shares 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.

Several other equities research analysts have also recently weighed in on AMKBY. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Hsbc Global Res upgraded shares of A.P. Moller-Maersk to a “strong-buy” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a report on Wednesday, December 17th. Wolfe Research reaffirmed an “underperform” rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. Finally, The Goldman Sachs Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The stock has a market capitalization of $35.99 billion, a PE ratio of 7.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.05. The firm’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $10.50.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.20). The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $13.44 billion. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. As a group, equities analysts forecast that A.P. Moller-Maersk will post 0.41 EPS 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.