Bayerische Motoren Werke (OTCMKTS:BAMXF) Stock Rating Upgraded by 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 report released on Wednesday, Zacks reports.

Bayerische Motoren Werke Stock Performance

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

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted 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 firm had revenue of $35.70 billion during 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.