Berenberg Bank Upgrades Bayerische Motoren Werke (OTCMKTS:BAMXF) to “Strong-Buy”

Bayerische Motoren Werke (OTCMKTS:BAMXF) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

Bayerische Motoren Werke Price Performance

Bayerische Motoren Werke stock opened at $69.00 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $40.01 billion, a P/E ratio of 5.69 and a beta of 0.65. The business has a 50-day moving average of $67.43 and a 200-day moving average of $79.55. Bayerische Motoren Werke has a 1 year low of $60.00 and a 1 year high of $113.10.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.24. The business had revenue of $35.70 billion for the quarter, compared to the consensus estimate of $36.98 billion. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG, commonly known as BMW, is a German automotive company headquartered in Munich. Founded in 1916, the company initially focused on aircraft engines before developing motorcycles and automobiles. BMW operates internationally and serves customers across Europe, North America, Asia and other global markets.

BMW develops, manufactures and sells premium automobiles under the BMW, MINI and Rolls-Royce brands. Its vehicle portfolio includes passenger cars, sport utility vehicles, electric vehicles and performance-oriented models.