A P Moller Maersk AS Class B
MAERSK B: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 29,848.00 | Ptqg | Wldgpzrr |
Maersk Earnings: We Enter the Eye of the Storm as Freight Rates Normalize
Shipping giant Maersk delivered a disappointing third-quarter update on Nov. 3. While nobody expected blowout numbers, it was the language and downbeat tone of the statement that has taken the wind out of investors’ sails, with the shares down more than 10% at time of writing. We maintain our DKK 17,600 fair value estimate for the stock, believing that a whole lot of negativity is baked into the share price at this point. That being said, investors hoping for a quick turnaround might be disappointed.