Zacks Investment Research Upgrades Bayerische Motoren Werke (OTCMKTS:BAMXF) to “Hold”

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Bayerische Motoren Werke (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, 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 also recently commented on BAMXF. Nord/LB restated a “neutral” rating on shares of Bayerische Motoren Werke in a report on Tuesday, June 4th. Bank of America reaffirmed a “buy” rating on shares of Continental in a research report on Wednesday, May 15th. DZ Bank reaffirmed a “hold” rating on shares of Continental in a research report on Friday, June 28th. Citigroup reaffirmed a “sell” rating on shares of Bayerische Motoren Werke in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,700 ($22.21) target price on shares of in a research report on Tuesday, June 18th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.25.

BAMXF traded up $0.20 during trading on Tuesday, hitting $73.85. 282 shares of the stock were exchanged, compared to its average volume of 3,360. The stock has a 50 day moving average price of $71.80. The firm has a market capitalization of $44.45 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of -3.41 and a beta of 1.17. Bayerische Motoren Werke has a 1 year low of $68.00 and a 1 year high of $102.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 1.15.

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

Bayerische Motoren Werke Company Profile

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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