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, Zacks.com reports. The brokerage currently has $83.00 price target 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. “
BAMXF has been the topic of a number of other research reports. Jefferies Financial Group reissued a hold rating and set a $75.00 price target on shares of Bayerische Motoren Werke in a research report on Tuesday, May 7th. Barclays reissued a buy rating on shares of Bayerische Motoren Werke in a research report on Friday, March 22nd. UBS Group reissued a hold rating on shares of Daimler in a research report on Wednesday, May 22nd. Citigroup reissued a sell rating on shares of Bayerische Motoren Werke in a research report on Friday, April 5th. Finally, Nord/LB reissued a neutral rating on shares of Bayerische Motoren Werke in a research report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Bayerische Motoren Werke currently has a consensus rating of Hold and an average target price of $75.90.
Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.89 earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts predict that Bayerische Motoren Werke will post 10.45 EPS 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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