Bayerische Motoren Werke (OTCMKTS:BAMXF) Upgraded at Zacks Investment Research

Bayerische Motoren Werke (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “BAYERISCHE MOTOREN WERKE AG is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets. It has three brands: BMW, MINI and Rolls-Royce. The Company’s BMW automobile range includes the 1 Series, a sports hatchback; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. A variety of motorcycles are also available under the BMW brand. “

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $75.00 target price on shares of Bayerische Motoren Werke in a report on Tuesday, May 7th. DZ Bank restated a “hold” rating on shares of Continental in a report on Friday, June 28th. Barclays restated a “buy” rating on shares of Bayerische Motoren Werke in a report on Friday, March 22nd. Bank of America restated a “buy” rating on shares of Continental in a report on Wednesday, May 15th. Finally, Norddeutsche Landesbank restated a “hold” rating and set a $19.00 target price on shares of Infineon Technologies in a report on Tuesday, May 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.25.

OTCMKTS:BAMXF traded up $0.20 during trading hours on Tuesday, hitting $73.85. 282 shares of the stock were exchanged, compared to its average volume of 3,360. Bayerische Motoren Werke has a 52-week low of $68.00 and a 52-week high of $102.10. The business’s fifty day simple moving average is $71.80. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20. The firm has a market cap of $44.45 billion, a P/E ratio of 5.74, a P/E/G ratio of -3.41 and a beta of 1.17.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.89 EPS for the quarter. Bayerische Motoren Werke had a return on equity of 9.31% and a net margin of 5.56%. The company had revenue of $25.51 billion during the quarter. As a group, sell-side analysts expect that Bayerische Motoren Werke will post 10.45 earnings per share for the current fiscal year.

About Bayerische Motoren Werke

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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