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

Shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) have earned an average rating of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages have recently commented on AMKBY. 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. Morgan Stanley cut shares of A.P. Møller – Mærsk A/S from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, December 4th. UBS Group lowered shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Finally, Wolfe Research cut A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th.

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

OTCMKTS AMKBY opened at $8.42 on Thursday. The company has a quick ratio of 2.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $31.50 billion, a P/E ratio of 7.32 and a beta of 1.17. The company has a 50-day moving average price of $7.98 and a 200-day moving average price of $8.02. 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 Thursday, October 31st. The transportation company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a return on equity of 6.48% and a net margin of 6.82%. The company had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.66 billion. Equities research analysts anticipate that A.P. Møller – Mærsk A/S will post 1.46 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.