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

Posted by Stephan Jacobs on Dec 7th, 2024

Morgan Stanley cut shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY – Free Report) from an equal weight rating to an underweight rating in a research note released on Wednesday, Marketbeat Ratings reports.

Several other research analysts have also issued reports on the company. 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. UBS Group cut A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a 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 research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, A.P. Møller – Mærsk A/S currently has an average rating of “Hold”.

Read Our Latest Analysis on AMKBY

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

A.P. Møller – Mærsk A/S stock opened at $8.71 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.28 and a current ratio of 2.41. A.P. Møller – Mærsk A/S has a 1 year low of $6.26 and a 1 year high of $10.53. The company’s 50-day moving average is $7.91 and its two-hundred day moving average is $8.04.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.66 billion. As a group, research analysts expect 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

(Get Free Report)

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.