A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Lowered to Strong Sell at Wolfe Research

Wolfe Research lowered shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) from a hold rating to a strong sell rating in a report issued on Wednesday morning, Zacks.com reports.

Separately, JPMorgan Chase & Co. began coverage on A.P. Møller – Mærsk A/S in a research report on Tuesday, September 10th. They issued an underweight rating on the stock. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold.

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

A.P. Møller – Mærsk A/S stock opened at $7.36 on Wednesday. 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 simple moving average of $7.64 and a 200 day simple moving average of $7.83. A.P. Møller – Mærsk A/S has a 52 week low of $6.26 and a 52 week high of $10.53.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last announced its earnings results on Wednesday, August 7th. The transportation company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. A.P. Møller – Mærsk A/S had a return on equity of 1.62% and a net margin of 2.16%. The company had revenue of $12.77 billion for the quarter, compared to analyst estimates of $13.13 billion. As a group, sell-side analysts forecast that A.P. Møller – Mærsk A/S will post 1.08 earnings per share for the current fiscal 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.