A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Lifted to “Buy” at Zacks Investment Research


Share on StockTwits

Zacks Investment Research upgraded shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) from a hold rating to a buy rating in a research report sent to investors on Monday, Zacks.com reports. Zacks Investment Research currently has $13.00 price objective on the transportation company’s stock.

According to Zacks, “A.P. Moeller-Maersk A/S operates as a shipping company. It operates container vessels, tankers, supply ships, special vessels, APM terminials and oil drilling rigs. A.P. Moeller-Maersk A/S is headquartered in Copenhagen, Denmark. “

A number of other brokerages also recently issued reports on AMKBY. Jefferies Financial Group upgraded A.P. Møller – Mærsk A/S from a hold rating to a buy rating in a research report on Tuesday, September 29th. ValuEngine downgraded A.P. Møller – Mærsk A/S from a sell rating to a strong sell rating in a research report on Tuesday, December 1st. Barclays reiterated an underweight rating on shares of A.P. Møller – Mærsk A/S in a research report on Thursday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of A.P. Møller – Mærsk A/S in a research report on Friday, December 4th. Finally, Berenberg Bank reiterated a sell rating on shares of A.P. Møller – Mærsk A/S in a research report on Friday, November 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. A.P. Møller – Mærsk A/S currently has a consensus rating of Buy and an average price target of $13.00.

Shares of OTCMKTS AMKBY opened at $12.18 on Monday. A.P. Møller – Mærsk A/S has a 52 week low of $3.54 and a 52 week high of $12.19. The business has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $8.37. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a market cap of $48.78 billion, a P/E ratio of 32.04 and a beta of 1.32.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last issued its earnings results on Wednesday, November 18th. The transportation company reported $0.27 EPS for the quarter. The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $10.37 billion. A.P. Møller – Mærsk A/S had a return on equity of 5.59% and a net margin of 3.88%. Equities research analysts anticipate that A.P. Møller – Mærsk A/S will post 0.63 EPS for the current year.

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

A.P. Møller – Mærsk A/S operates as an integrated transport and logistics company worldwide. The company's Ocean segment engages in container shipping activities, including demurrage and detention, terminal handling, documentation services, container services, and container storage, as well as transhipment services under Maersk Line, Safmarine, Sealand Â- A Maersk Company, Hamburg Süd, and APM Terminal brands.

Recommended Story: Key terms to understand channel trading

Get a free copy of the Zacks research report on A.P. Møller – Mærsk A/S (AMKBY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY)

Receive News & Ratings for A.P. Møller - Mærsk A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.P. Møller - Mærsk A/S and related companies with MarketBeat.com's FREE daily email newsletter.