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Investing.com - Jefferies raised its price target on AP Moller Maersk (OTC:AMKBY) to DKK13,500.00 from DKK12,500.00 while maintaining a Hold rating on the stock. The shipping giant, currently trading at $10.21 with a market capitalization of $32.69 billion, maintains a modest P/E ratio of 4.77, according to InvestingPro data.
The price target increase follows Maersk’s second-quarter results, which exceeded expectations primarily due to strong performance in its Ocean segment.
Despite ongoing tariff uncertainty and soft China-US trade conditions, the shipping giant reported healthy industry volumes, prompting it to raise its industry trade growth outlook from a range of -1% to 4% to a more optimistic range of 2-4%.
Jefferies noted that Gemini, Maersk’s new initiative, is now officially phased in, with the third quarter set to be its first full operating quarter.
The research firm also highlighted Maersk’s strong stock performance, which has been boosted by its $2 billion share buyback program.
In other recent news, Danish shipping giant Maersk has reported that the average U.S. import tariffs have decreased to 21% from a peak of 54% earlier this year. This reduction follows President Donald Trump’s announcement of comprehensive tariffs against most U.S. trading partners. In the realm of financial analysis, Citi has raised its price target for AP Moller Maersk to DKK 13,591, maintaining a Neutral rating. This adjustment comes after the release of Maersk’s first-quarter 2025 results, which led Citi to revise its earnings expectations significantly. The company’s 2025 EBIT forecast has been increased from $1,853 million to $2,417 million, surpassing the Visible Alpha consensus of $1,268 million, primarily due to improvements in the Ocean segment. Conversely, Bernstein has reiterated its Underperform rating on Maersk, citing ongoing challenges in the container shipping business, with spot rates declining by about 40% year-to-date in 2025. The lapse of the Red Sea closure, which had previously prevented a collapse in freight rates, has contributed to the current market difficulties. These recent developments highlight the dynamic and challenging environment in which Maersk is operating.
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