Just four months after analysts warned of the “perfect storm” pummeling shares in A.P. Moeller-Maersk A/S, things now look very different.
Since a February low, investors who held on to their Maersk shares despite declining oil and freight rates — the two parameters that determine the company’s fate — are now about 24 percent richer, measured on total returns. As of Tuesday, only four of the 29 analysts covering Maersk recommended selling the stock. Seventeen are advising clients to buy while eight are telling investors to hold on to existing shares.