Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $57.01, but opened at $60.50. Bayerische Motoren Werke shares last traded at $60.00, with a volume of 3,406 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank upgraded Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bayerische Motoren Werke presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Bayerische Motoren Werke
Bayerische Motoren Werke Trading Up 5.2%
The stock’s 50 day moving average is $66.59 and its 200-day moving average is $75.59. 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 company has a market cap of $34.79 billion, a P/E ratio of 4.95 and a beta of 0.70.
Bayerische Motoren Werke (OTCMKTS:BAMXF – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $35.70 billion for the quarter, compared to analysts’ expectations of $36.98 billion.
Bayerische Motoren Werke Company Profile
Bayerische Motoren Werke AG, commonly known as BMW, is a Germany-based manufacturer of premium automobiles and motorcycles. The company develops, produces and sells vehicles under the BMW, MINI and Rolls-Royce brands, offering passenger cars, sport utility vehicles, performance models and electric vehicles. Its BMW Motorrad division produces motorcycles and related products.
BMW also provides automotive financing, leasing and fleet services through its financial-services operations. The company is expanding its range of battery-electric vehicles while continuing to offer vehicles with internal-combustion and plug-in hybrid powertrains.
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