A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 12-Month High – Should You Buy?

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.1550 and last traded at $18.12, with a volume of 23853 shares trading hands. The stock had previously closed at $17.32.

Wall Street Analysts Forecast Growth

AMKBY has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Up 4.0%

The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $57.05 billion, a PE ratio of 23.10 and a beta of 0.73. The stock has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $13.34.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. Analysts forecast that A.P. Moller-Maersk will post 2.2 EPS for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.