Zacks Investment Research upgraded shares of Bayerische Motoren Werke (OTCMKTS:BAMXF) from a sell rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. They currently have $83.00 target price on the stock.
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. “
A number of other research analysts have also recently issued reports on the company. UBS Group reissued a hold rating on shares of Daimler in a research note on Wednesday, May 22nd. Kepler Capital Markets reissued a sell rating and issued a $63.00 target price on shares of Bayerische Motoren Werke in a research note on Wednesday, June 26th. DZ Bank reissued a hold rating on shares of Continental in a research note on Friday, June 28th. Citigroup reissued a sell rating on shares of Bayerische Motoren Werke in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,700 ($22.21) target price on shares of in a research note on Tuesday, June 18th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $75.90.
Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its earnings results on Tuesday, May 7th. The company reported $0.89 earnings per share (EPS) for the quarter. Bayerische Motoren Werke had a return on equity of 9.31% and a net margin of 5.56%. The firm had revenue of $25.51 billion during the quarter. As a group, equities analysts expect that Bayerische Motoren Werke will post 10.45 earnings per share for the current 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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