Jefferies predicts Maersk could earn as much as USD 15 billion this year

The continued high freight rates in the container market now lead Jefferies to heighten expectations for Maersk's 2021 earnings. The investment bank predicts a full-year operating result of USD 14.47 billion.

Photo: Steve Helber/AP/Ritzau Scanpix

Investment bank Jefferies raises the price target for A.P. Møller-Maersk by DKK 500 (USD 79.51) to DKK 16,500 (USD 2,623.88), with reference to freight rates staying resilient on the heels of the Chinese New Year, writes Jefferies in a new analysis.

Jefferies expects an exceptional first quarter for Maersk, with EBITDA earnings coming to USD 4.2 billion – USD 1.5 billion more than the record achieved in the fourth quarter last year.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs