Bayerische Motoren Werke (OTCMKTS:BAMXF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Bayerische Motoren Werke (OTCMKTS:BAMXF) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

A number of other equities analysts have also commented on the stock. DZ Bank restated a buy rating on shares of Bayerische Motoren Werke in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed a hold rating on shares of Bayerische Motoren Werke in a report on Thursday, October 17th. UBS Group reiterated a neutral rating on shares of Bayerische Motoren Werke in a research note on Thursday, August 22nd. Finally, ValuEngine raised Bayerische Motoren Werke from a sell rating to a hold rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $75.30.

Shares of Bayerische Motoren Werke stock opened at $81.68 on Wednesday. Bayerische Motoren Werke has a 12-month low of $64.31 and a 12-month high of $88.25. The stock has a market capitalization of $49.16 billion, a P/E ratio of 6.35 and a beta of 1.23. The company has a 50-day simple moving average of $79.20 and a 200 day simple moving average of $73.07. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.24.

Bayerische Motoren Werke Company Profile

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.

Featured Story: Analyzing a company’s cash flow statement

Get a free copy of the Zacks research report on Bayerische Motoren Werke (BAMXF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Bayerische Motoren Werke (OTCMKTS:BAMXF)

Receive News & Ratings for Bayerische Motoren Werke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bayerische Motoren Werke and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit