Bayer Aktiengesellschaft (OTCMKTS:BAYRY) Reaches New 12-Month High – Should You Buy?

Bayer Aktiengesellschaft (OTCMKTS:BAYRY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $15.24 and last traded at $15.2270, with a volume of 978,158 shares. The stock had previously closed at $14.41.

Key Bayer Aktiengesellschaft News

Here are the key news stories impacting Bayer Aktiengesellschaft this week:

Analyst Ratings Changes

Separately, Zacks Research upgraded Bayer Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

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Bayer Aktiengesellschaft Trading Up 5.8%

The firm’s 50-day simple moving average is $13.43 and its 200 day simple moving average is $12.56. The stock has a market cap of $59.89 billion, a P/E ratio of -29.88, a PEG ratio of 2.11 and a beta of 0.57. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 1.05.

Bayer Aktiengesellschaft (OTCMKTS:BAYRY – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Bayer Aktiengesellschaft had a positive return on equity of 16.77% and a negative net margin of 3.80%. The business had revenue of $11.25 billion for the quarter, compared to analyst estimates of $11.21 billion. As a group, equities research analysts anticipate that Bayer Aktiengesellschaft will post 1.27 earnings per share for the current year.

Bayer Aktiengesellschaft Company Profile

(Get Free Report)

Bayer Aktiengesellschaft is a Germany-based life sciences company headquartered in Leverkusen. Founded in 1863 by Friedrich Bayer and Johann Friedrich Weskott, the company develops products in health care and agriculture and serves customers in markets around the world.

Bayer operates through three primary businesses: Pharmaceuticals, Consumer Health and Crop Science. Its Pharmaceuticals segment develops prescription medicines in areas such as cardiovascular disease, women’s health, oncology, hematology and specialty therapies.

Further Reading

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