Bayerische Motoren Werke (OTCMKTS:BAMXF) Downgraded by Zacks Investment Research to “Hold”

Bayerische Motoren Werke (OTCMKTS:BAMXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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 research analysts have also recently issued reports on BAMXF. DZ Bank reissued 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 research report on Thursday, October 17th. UBS Group reaffirmed a “neutral” rating on shares of Bayerische Motoren Werke in a research report on Thursday, August 22nd. Finally, ValuEngine raised shares of Bayerische Motoren Werke from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $75.30.

Shares of Bayerische Motoren Werke stock traded up $0.95 during trading on Wednesday, reaching $79.85. The company’s stock had a trading volume of 1,985 shares, compared to its average volume of 5,196. The business’s 50-day moving average price is $78.76 and its 200-day moving average price is $73.06. The firm has a market cap of $47.49 billion, a PE ratio of 6.21 and a beta of 1.23. Bayerische Motoren Werke has a 52 week low of $64.31 and a 52 week high of $88.25. 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.

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