Sanford C. Bernstein Downgrades Mercedes-Benz Group (OTCMKTS:MBGYY) to Market Perform

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report issued on Thursday,Briefing.com Automated Import reports.

MBGYY has been the topic of a number of other reports. The Goldman Sachs Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Barclays cut shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Mercedes-Benz Group Stock Performance

OTCMKTS:MBGYY opened at C$14.49 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of C$13.95 and a two-hundred day moving average price of C$15.44. Mercedes-Benz Group has a twelve month low of C$13.36 and a twelve month high of C$20.81. The company has a market capitalization of C$55.81 billion, a P/E ratio of 5.04 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. The business had revenue of C$37.95 billion during the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. As a group, research analysts expect that Mercedes-Benz Group will post 2.45 earnings per share for the current fiscal year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.