Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as C$11.48 and last traded at C$11.49, with a volume of 29487 shares traded. The stock had previously closed at C$11.75.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Jefferies Financial Group upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Mercedes-Benz Group currently has an average rating of “Strong Buy”.
View Our Latest Stock Analysis on Mercedes-Benz Group
Mercedes-Benz Group Stock Down 2.3%
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. The firm had revenue of C$37.27 billion for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.41%. As a group, sell-side analysts expect that Mercedes-Benz Group AG will post 1.37 EPS for the current year.
Mercedes-Benz Group Company Profile
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.
The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.
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