Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up – Here’s What Happened

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $84.46, but opened at $91.36. Bayerische Motoren Werke shares last traded at $91.36, with a volume of 200 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group lowered Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Berenberg Bank downgraded Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Barclays lowered Bayerische Motoren Werke from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. DZ Bank raised shares of Bayerische Motoren Werke to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Dbs Bank upgraded shares of Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Bayerische Motoren Werke Price Performance

The firm has a market cap of $52.97 billion, a P/E ratio of 6.82 and a beta of 0.61. The company has a fifty day moving average of $99.14 and a 200-day moving average of $99.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.86.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings data on Thursday, March 12th. The company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.19. Bayerische Motoren Werke had a return on equity of 7.70% and a net margin of 5.45%.The business had revenue of $39.27 billion for the quarter, compared to analysts’ expectations of $43.71 billion. On average, sell-side analysts anticipate that Bayerische Motoren Werke AG will post 13.38 EPS for the current fiscal year.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG (BMW) is a German multinational manufacturer of premium automobiles and motorcycles. Headquartered in Munich, the company designs, manufactures and sells a broad range of passenger vehicles under the BMW brand, as well as the MINI and Rolls‑Royce marques. BMW’s product portfolio covers luxury sedans and coupes, SUVs and crossovers (the X series), sports cars, high‑performance M models, motorcycles through BMW Motorrad, and an expanding range of electrified powertrains including battery-electric and plug‑in hybrid variants.

Founded in 1916, BMW began as an engine manufacturer and over the course of the 20th century diversified into motorcycle and automobile production, building a reputation for engineering and driving dynamics.