Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up – Still a Buy?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares gapped up before the market opened on Wednesday. The stock had previously closed at $52.10, but opened at $58.90. Bayerische Motoren Werke shares last traded at $58.90, with a volume of 235 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Trading Up 15.2%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The firm’s fifty day moving average is $67.40 and its two-hundred day moving average is $76.85. The firm has a market capitalization of $34.79 billion, a PE ratio of 4.95 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its earnings results on Thursday, July 30th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.14 by $0.24. The firm had revenue of $35.70 billion for the quarter, compared to analysts’ expectations of $36.98 billion. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a Germany-based manufacturer of premium automobiles and motorcycles. The company develops, produces and sells vehicles under the BMW, MINI and Rolls-Royce brands, offering passenger cars, sport utility vehicles, performance models and electric vehicles. Its BMW Motorrad division produces motorcycles and related products.

BMW also provides automotive financing, leasing and fleet services through its financial-services operations. The company is expanding its range of battery-electric vehicles while continuing to offer vehicles with internal-combustion and plug-in hybrid powertrains.