Mercedes-Benz Group (OTCMKTS:MBGYY) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

The Goldman Sachs Group upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on MBGYY. DZ Bank upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada lowered Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Mercedes-Benz Group Stock Performance

MBGYY stock traded down C$0.22 during trading on Monday, hitting C$16.61. 10,365 shares of the company’s stock traded hands, compared to its average volume of 304,686. The stock has a market capitalization of C$63.96 billion, a price-to-earnings ratio of 5.27 and a beta of 1.01. Mercedes-Benz Group has a 52 week low of C$12.55 and a 52 week high of C$17.36. The stock has a fifty day moving average price of C$15.94 and a two-hundred day moving average price of C$15.30. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 0.74.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.69%. The company had revenue of C$37.58 billion for the quarter. As a group, equities analysts anticipate that Mercedes-Benz Group will post 2.26 EPS 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.