Latest news with #A.P.Moller-Maersk
Yahoo
15-07-2025
- Business
- Yahoo
Is Air Canada (ACDVF) Stock Outpacing Its Transportation Peers This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Air Canada (ACDVF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Air Canada is one of 122 companies in the Transportation group. The Transportation group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Air Canada is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for ACDVF's full-year earnings has moved 8.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the most recent data, ACDVF has returned 5.7% so far this year. In comparison, Transportation companies have returned an average of -3%. This means that Air Canada is outperforming the sector as a whole this year. Another Transportation stock, which has outperformed the sector so far this year, is A.P. Moller-Maersk (AMKBY). The stock has returned 18% year-to-date. Over the past three months, A.P. Moller-Maersk's consensus EPS estimate for the current year has increased 145.7%. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Air Canada belongs to the Transportation - Airline industry, a group that includes 25 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, this group has gained an average of 3.8% so far this year, meaning that ACDVF is performing better in terms of year-to-date returns. In contrast, A.P. Moller-Maersk falls under the Transportation - Shipping industry. Currently, this industry has 38 stocks and is ranked #29. Since the beginning of the year, the industry has moved -0.8%. Air Canada and A.P. Moller-Maersk could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Air Canada (ACDVF) : Free Stock Analysis Report A.P. Moller-Maersk (AMKBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
09-07-2025
- Business
- Finextra
Finastra appoints Adam Banks to board
Finastra, a global leader in financial services software, today announced the appointment of Adam Banks to its Board of Directors. 0 A recognized authority in digital transformation and technology leadership, Banks brings decades of experience across a range of industries, including banking, cybersecurity, infrastructure and logistics. Banks has held senior roles at some of the world's most influential companies. As Global Group Chief Technology and Information Officer at A.P. Moller-Maersk, he led the company's end-to-end technology transformation and was instrumental in restoring operations following the world's largest cyberattack in 2017. He also founded the shipping industry's digital standards body, securing adoption by 90% of global carriers. Earlier in his career, Banks served as EVP of Technology at FINkit (formerly Monetise) and spent 16 years at Visa, culminating in the role of Chief Technology Officer and Head of IT. Today, he advises a diverse portfolio of companies ranging from FTSE Top 5 firms to high-growth startups, serving on Boards and Committees focused on risk, remuneration, and technology-led transformation. "Adam is a proven change agent whose expertise spans the technologies and industries that are shaping the future of financial services,' said Chris Walters, CEO of Finastra. 'His insight will be invaluable as we execute our strategy to be the partner of choice for mission-critical financial software solutions." Commenting on his appointment, Banks said, "I am excited to join Finastra's Board at such a pivotal time. Chris and the leadership team have a compelling vision for the future, and I look forward to contributing to the company's next chapter of focused growth and customer success." Banks' role was sourced through the external board program operated by Vista Equity Partners, a global technology investor that specializes in enterprise software and a majority investor in Finastra. Launched in 2017, the board program leverages Vista's ecosystem and additional resources to identify, train and appoint qualified board candidates for its portfolio companies. The program works to create a pipeline of highly talented board candidates through programs and partnerships that will drive results for the corporate world at large.
CNBC
13-06-2025
- Business
- CNBC
Where can equity investors hide as Israel and Iran take aim at each other?
As equity markets broadly declined after Israel and Iran took aim at each other – some sectors and stocks are bucking the trend. The attack, which reportedly killed senior Iranian military and scientific figures, prompted an immediate flight to safety in financial markets. Brent crude , the international oil benchmark, jumped 7% to $78.50 a barrel, its highest level since April. The move rippled across sectors, punishing airlines while rewarding oil tanker owners on bets of imminent supply disruptions. The market turmoil reflects uncertainty over whether Iran will retaliate in a way that further escalates the conflict. Oil and shipping "The increased likelihood of an extended regional conflict means that the market will price in a greater risk to supply," wrote Kristoffer Barth Skeie, an equity research analyst at Arctic Securities, explaining an 8.5% surge in the shares of U.S.-listed oil tanker firm Frontline , the most o f Stoxx Europe 600 index companies. Skeie noted that oil companies and traders will rush to move cargoes out of the region as quickly as possible, shifting pricing power to tanker owners as fewer ships will be willing to enter a potential war zone. "However, the tanker market's standard practice of giving the charterer a few days leeway before confirming a fixture means that the initial reaction may be overdone," Skeie said. If Iran's oil exports of 1.5 million barrels per day — which are currently transported by a sanctioned fleet — came under pressure and were offset by Saudi Arabia and other OPEC nations, then companies such as Frontline would benefit further, Skeie said. "So the dynamic here is positive for the compliant market," he told CNBC. Shares of Danish shipping giant A.P. Moller-Maersk also climbed 4.5%, with analysts at Sydbank noting that fears of disruptions to the Suez Canal could keep global freight rates elevated. "Only A.P. Moller-Maersk's earnings will be seriously affected by high fuel prices, but if the consequence of more tensions in the Middle East is that sailing through the Suez Canal is postponed, it could keep freight rates higher than otherwise," said Jacob Pedersen, head of equity research at Sydbank, according to a Danish to English translation by Google. Shipping firms rerouted around the Cape of Good Hope at the bottom of Africa, as Iran-allied Houthi rebels attacked naval activity in the Red Sea, shutting off access to the much shorter route through the Suez Canal. That pushed up shipping prices temporarily in 2024. Wind and pharmaceuticals More broadly, the Danish stock market is also "resilient" to rising oil prices, according to Pedersen. "The high proportion of oil price-unaffected pharmaceutical companies and companies with wind energy activities shields against serious negative effects," Sydbank's equity research chief said, referring to drug companies Novo Nordisk and Zeeland Pharma , as well as wind energy firms Orsted and Vestas Wind Systems , whose shares have bucked the downward trend. "In a tense situation where massive oil price increases are slowing global growth, a defensive Danish stock market with high resilience in terms of earnings is also well equipped," Pedersen said. In contrast, European airline stocks were hit hard by the dual threat of soaring fuel costs and the potential for a war to depress travel demand. Airlines Shares of pan-European carriers Wizz Air and Ryanair were off by 5% and 3.5%, respectively. Analysts at JPMorgan suggested Wizz is the most exposed, with a 15% hit to its estimated earnings for every 10% rise in jet fuel and 2.2% of its flight capacity in the immediate conflict zone. Better-hedged carriers like Ryanair were projected to see a more modest 3% earnings impact, according to the Wall Street bank's analysts. The risk-off sentiment extended beyond equities and was starkly evident in credit markets, where assets tied to regional stability came under immediate pressure. Middle East real estate JPMorgan downgraded several Dubai real estate bonds to "Underweight," including those issued by Damac Properties and Arada. Analysts at the bank warned that the fallout from a war between Iran and Israel would disproportionately expose Dubai's property sector, given its heavy dependence on foreign investment, which is underpinned by the UAE's reputation as an "oasis of stability." However, the central question for markets is whether the conflict will escalate to threaten the Strait of Hormuz , the chokepoint for nearly a third of the world's seaborne oil trade. JPMorgan had previously estimated that a full blockade could send oil prices surging to the $120-$130 range. @LCO.1 5Y line Others took a more cautious view. Citi suggested the probability of Iran striking regional energy facilities remains low, citing Tehran's recently improved diplomatic relations with Gulf neighbors like Saudi Arabia and the UAE. "We believe that energy flow disruptions should be limited. Heightened geopolitical tensions may well remain, but we don't expect energy prices to stay elevated for a sustained period of time," said Citi analysts led by Anthony Yuen in a note to clients. That view was also echoed by Arctic Securities' Skeie. Iran's oil exports, which are at their highest levels since U.S. President Donald Trump withdrew from the nuclear deal in 2018, meant there was considerably more downside risk for Tehran than upside. "Somewhat paradoxically, the risk of Iran trying to leverage its power to influence shipments through the Strait of Hormuz, the oil market's biggest chokepoint involving more than 20 mbd, may have gone down, not up, if Iran sees the conflict as confined to Israel," Skeie said.
Yahoo
27-05-2025
- Business
- Yahoo
Maersk more than halfway through $1B stock buyback
A.P. Moller-Maersk, parent of shipping line Maersk, said it has bought back almost $600 million of a total planned $1 billion worth of its own shares in the first phase of a purchase program. Copenhagen, Denmark-based Maersk (OTC: AMKBY) in February announced it planned to buy back a total of $2 billion worth of shares in two phases over 12 months. The first phase of the buyback program began Feb. 7 and will run to August of this year. The shares to be acquired will be limited to a total market value of around $1 billion. The company said that through May 23, it had acquired 58,951 A shares and 333,853 B shares, including 2,090 shares from the Moller family, for a total of $599.7 now owns 58,951 A shares and 440,918 B shares, or 3.16% of the company's share capital. Maersk earlier this month revised full-year global container volume growth from 4% to 4% growth to 1% contraction, on the effects of U.S. tariffs with trading partner countries, including China. Buybacks increase earnings per share because there are fewer shares and also increase earnings as a percentage of assets and earnings as a percentage of equity, ratios that Wall Street tracks. It's also tax-efficient for U.S.-based investors because increased share value monetized as capital gains is taxed at lower rates than distributing the excess cash to investors as dividends. According to public information, Maersk stock is 0.02% owned by institutional investors, 0.01% by company insiders, and 99.97% by public companies and individual Mc-Kinney Moller, a fourth-generation descendant of the Maersk family which controls the shipping giant, is chair of both the A.P. Moller Foundation and its investment company, A.P. Moller Holding, where her son, Robert Maersk Uggla, is the chief executive. Find more articles by Stuart Chirls China-US container rates up by double digits Savannah sees record containers amid tariff frenzy Zim profit up on higher container volume, rates No container tsunami heading to Los Angeles, says port chiefThe post Maersk more than halfway through $1B stock buyback appeared first on FreightWaves. Sign in to access your portfolio
Straits Times
21-05-2025
- Business
- Straits Times
China-US trade soars as exporters race to hit tariff truce window
In the week beginning May 12, bookings on freighters headed from China to US more than doubled from prior week. PHOTO: AFP BEIJING - A temporary trade truce between the world's two largest economies has sparked a knee-jerk bounce across China's ports and factory floors. In the week beginning May 12, when the United States and China agreed to sharply reduce tariffs for 90 days, bookings on freighters headed from China to US shores more than doubled from the prior week to about 228,000 TEUs, or twenty-foot equivalent units, data from container-tracking platform Vizion and data provider Dun & Bradstreet shows. Prices for space on ships across the Pacific into the US also rose, with spot rates from Shanghai to Los Angeles jumping about 16 per cent – the biggest increase for the route this year – to US$3,136 per forty-foot equivalent unit for the week ending May 15, according to the Drewry World Container Index. The global composite index also rose the most this year. And the demand wasn't just by sea: The number of international air cargo flights rose almost 18 per cent, according to data released by China's Ministry of Transport. The surge is likely a wave of front-loading as the trade truce opens a window to avoid steep US tariffs, said Jayendu Krishna, a director at Drewry Maritime Services. It's also an important buying season for the holidays – it takes about a month for items to arrive stateside and retailers are rapidly running through inventory they've had on hand awaiting some trade certainty. 'The current surge in bookings is likely to lead to supply chain disruptions for the next two to three months, unless there is another tariff shock from Mr Trump,' Mr Krishna said. Bookings on ships are due to be filled by factories like supply-chain manager Chen Lei's, which makes various types of home appliance products from coffee machines and toasters to irons and humidifiers. The Guangdong-based manufacturer where Chen works counts Royal Philips and Walmart among clients, and has received a flurry of requests from the US to resume production on orders that were put on hold in April. 'Machines in the factories are working non-stop now,' said Mr Chen, '90 days is too short. Production, shipping - we can't wait a single minute.' A.P. Moller-Maersk, a major container liner that's also one of the largest on the trans-Pacific route, added capacity again after seeing an increase in bookings when the truce was announced, a spokesman said. Even with the boost in activity from earlier weeks, the overall level of shipments remains in-line with this time in 2024. That shows many retailers are either not ordering to the same extent, waiting for more certainty, or maybe have already stocked up earlier this year. Liners were also bringing unused capacity already on these routes back online, with the share of voided sailings down to 13 per cent as of May 26, compared to 25 per cent a week before, data from HSBC and Flexport show. A flurry of trade figures from across Asia this week show the chaos that Mr Trump's policies have wrought this year. In South Korea, the value of exports fell 2.4 per cent in the first 20 days of May from the prior year, with outbound shipments to the US down about 15 per cent. Japanese exports rose only 2 per cent in April – the weakest growth in seven months, data out on May 21 showed. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
