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

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s share price 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 traded.

AMKBY has been the subject of several other research reports. Hsbc Global Res upgraded shares of A.P. Moller-Maersk to a “strong-buy” rating in a report on Monday, September 29th. The Goldman Sachs Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Finally, Wolfe Research restated an “underperform” rating on shares of A.P. Moller-Maersk in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, A.P. Moller-Maersk presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Down 3.7%

The business’s 50 day simple moving average is $10.99 and its 200 day simple moving average is $10.49. The stock has a market cap of $35.52 billion, a price-to-earnings ratio of 7.15 and a beta of 0.88. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.20). A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $13.44 billion. On average, research analysts expect that A.P. Moller-Maersk will post 0.41 EPS for the current fiscal year.

A.P. Moller-Maersk Company Profile

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.