A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Stock Rating Lowered by Morgan Stanley

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other analysts have also commented on AMKBY. JPMorgan Chase & Co. started coverage on A.P. Møller – Mærsk A/S in a research note on Tuesday, September 10th. They issued an “underweight” rating for the company. 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, 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. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, A.P. Møller – Mærsk A/S has an average rating of “Hold”.

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

Shares of AMKBY stock opened at $8.78 on Wednesday. A.P. Møller – Mærsk A/S has a fifty-two week low of $6.26 and a fifty-two week high of $10.53. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $7.91 and a two-hundred day moving average price of $8.04.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.66 billion. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. As a group, research analysts forecast that A.P. Møller – Mærsk A/S will post 1.46 earnings per share for the current year.

About A.P. Møller – Mærsk A/S

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.