Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Increased to Strong-Buy at Hsbc Global Res

Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

MBGYY has been the topic of a number of other research reports. The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Royal Bank Of Canada lowered Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Stock Performance

Shares of MBGYY opened at C$17.59 on Tuesday. The firm has a market cap of C$67.75 billion, a price-to-earnings ratio of 5.58 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is C$17.29 and its two-hundred day moving average is C$16.03. Mercedes-Benz Group has a 52-week low of C$12.55 and a 52-week high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.59%. The business had revenue of C$37.58 billion during the quarter. Analysts forecast that Mercedes-Benz Group will post 2.26 EPS for the current fiscal year.

About Mercedes-Benz Group

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.