A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) have earned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.

Several equities research analysts recently issued reports on AMKBY shares. UBS Group cut shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Wolfe Research cut shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They issued an “underweight” rating on the stock.

A.P. Møller – Mærsk A/S Price Performance

A.P. Møller – Mærsk A/S stock opened at $7.62 on Wednesday. A.P. Møller – Mærsk A/S has a 12-month low of $6.26 and a 12-month high of $10.53. The stock has a market capitalization of $28.52 billion, a P/E ratio of 14.95 and a beta of 1.17. The firm’s 50-day moving average is $7.61 and its two-hundred day moving average is $7.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.41 and a quick ratio of 2.28.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its quarterly earnings results on Wednesday, August 7th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. A.P. Møller – Mærsk A/S had a net margin of 2.16% and a return on equity of 1.62%. The company had revenue of $12.77 billion for the quarter, compared to analysts’ expectations of $13.13 billion. Equities analysts predict that A.P. Møller – Mærsk A/S will post 1.08 earnings per share for the current year.

A.P. Møller – Mærsk A/S Company Profile

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.