A.P. Moller-Maersk (OTCMKTS:AMKBY) Rating Increased to Strong-Buy at Fearnley Fonds

Fearnley Fonds upgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

Several other equities analysts have also commented on the company. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Finally, Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

A.P. Moller-Maersk Price Performance

AMKBY stock opened at $18.03 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $57.08 billion, a PE ratio of 23.12 and a beta of 0.73. The business’s fifty day moving average price is $15.21 and its 200 day moving average price is $13.38. A.P. Moller-Maersk has a 12-month low of $9.23 and a 12-month high of $18.16.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $14.07 billion. On average, sell-side analysts anticipate 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.