Jefferies Financial Group cut shares of Mercedes-Benz Group (OTCMKTS:MBGYY – Free Report) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks reports.
Several other brokerages also recently weighed in on MBGYY. Dbs Bank raised Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Zacks Research downgraded Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on MBGYY
Mercedes-Benz Group Stock Performance
Mercedes-Benz Group stock opened at C$11.48 on Monday. Mercedes-Benz Group has a fifty-two week low of C$10.83 and a fifty-two week high of C$18.16. The company has a market capitalization of C$44.22 billion, a price-to-earnings ratio of 6.92 and a beta of 0.85. The stock has a fifty day moving average of C$11.91 and a two-hundred day moving average of C$13.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.32.
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$35.33 billion during the quarter. Mercedes-Benz Group had a return on equity of 5.75% and a net margin of 4.20%. On average, analysts anticipate that Mercedes-Benz Group will post 1.20 EPS for the current fiscal year.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a German automotive company that develops, manufactures and sells premium cars and vans. Its passenger-car portfolio includes Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach vehicles, while its van business serves both private and commercial customers. The company also offers related services, including financing and leasing through its mobility business. Headquartered in Stuttgart, Germany, the company serves customers in markets around the world. Its roots trace to the pioneering automobile work of Carl Benz and Gottlieb Daimler in the late 19th century; the Daimler-Benz company was formed through a merger in 1926.
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