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

Berenberg Bank upgraded shares of Bayerische Motoren Werke (OTCMKTS:BAMXF) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks reports.

Bayerische Motoren Werke Price Performance

Shares of OTCMKTS:BAMXF opened at $69.00 on Wednesday. The firm has a market capitalization of $40.01 billion, a PE ratio of 5.69 and a beta of 0.65. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. Bayerische Motoren Werke has a 1-year low of $60.00 and a 1-year high of $113.10. The business’s 50 day moving average is $67.43 and its 200-day moving average is $79.55.

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

Bayerische Motoren Werke Company Profile

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.