Mercedes-Benz Group AG (OTCMKTS:MBGYY) Receives Average Rating of “Buy” from Analysts

Mercedes-Benz Group AG (OTCMKTS:MBGYY) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a strong buy rating on the company.

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research downgraded Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th.

Mercedes-Benz Group Price Performance

OTCMKTS MBGYY opened at C$13.64 on Thursday. Mercedes-Benz Group has a 1 year low of C$12.22 and a 1 year high of C$18.16. The business’s fifty day moving average is C$13.28 and its two-hundred day moving average is C$14.94. The stock has a market capitalization of C$52.54 billion, a P/E ratio of 8.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its earnings results on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. Mercedes-Benz Group had a return on equity of 5.46% and a net margin of 3.89%.The business had revenue of C$37.27 billion during the quarter. On average, research analysts forecast that Mercedes-Benz Group will post 1.37 earnings per share for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes?Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes?Maybach, high?performance variants from Mercedes?AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes?Benz Group provides aftersales services, connected?car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler?Benz in the early 20th century.