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

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

Shares of BAMXF opened at $69.00 on Wednesday. The stock has a 50 day simple moving average of $67.43 and a 200 day simple moving average of $79.55. Bayerische Motoren Werke has a 52-week low of $60.00 and a 52-week high of $113.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a market capitalization of $40.01 billion, a PE ratio of 5.69 and a beta of 0.65.

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