A.P. Moller-Maersk (OTCMKTS:AMKBY) Given Consensus Recommendation of “Reduce” by Brokerages

A.P. Moller-Maersk (OTCMKTS:AMKBY) has received an average recommendation of “Reduce” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts recently weighed in on the stock. Nordea Equity Research downgraded shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Clarkson Capital upgraded shares of A.P. Moller-Maersk to a “strong sell” rating in a research report on Monday, February 9th. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. Wolfe Research reaffirmed an “underperform” rating on shares of A.P. Moller-Maersk in a research note on Thursday, January 8th. Finally, Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, February 9th.

A.P. Moller-Maersk Stock Down 3.5%

OTCMKTS AMKBY opened at $12.14 on Tuesday. The stock’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $10.82. A.P. Moller-Maersk has a one year low of $6.69 and a one year high of $12.69. The firm has a market cap of $38.43 billion, a PE ratio of 13.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 2.02.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data 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). A.P. Moller-Maersk had a net margin of 5.05% and a return on equity of 4.87%. The company had revenue of $13.33 billion during the quarter, compared to analyst estimates of $12.83 billion. As a group, sell-side 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.