A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up – Here’s What Happened

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) gapped up before the market opened on Monday. The stock had previously closed at $17.09, but opened at $17.6253. A.P. Moller-Maersk shares last traded at $17.67, with a volume of 6,587 shares changing hands.

Analysts Set New Price Targets

AMKBY has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Wolfe Research raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Finally, Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The firm has a market cap of $56.07 billion, a price-to-earnings ratio of 22.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. The firm has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $14.22.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. On average, analysts expect that A.P. Moller-Maersk will post 2.90 EPS for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.