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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) has been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a strong buy rating on the company.

A number of research firms have weighed in on MBGYY. Zacks Research upgraded shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th.

Mercedes-Benz Group Stock Performance

Shares of Mercedes-Benz Group stock opened at C$13.49 on Monday. The business’s fifty day simple moving average is C$13.01 and its 200 day simple moving average is C$14.49. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Mercedes-Benz Group has a 12 month low of C$12.22 and a 12 month high of C$18.16. The firm has a market capitalization of C$51.96 billion, a P/E ratio of 8.70 and a beta of 0.80.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its earnings results on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$37.27 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.46% and a net margin of 3.89%. As a group, analysts anticipate that Mercedes-Benz Group will post 1.37 EPS for the current year.

Mercedes-Benz Group Company Profile

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.