Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Gets Downgrade from Zacks Research

Key Points

• Zacks Research downgraded Mercedes-Benz Group from “hold” to “strong sell,” citing a more negative outlook for the stock.
• Despite the downgrade, DBS Bank raised its rating from “moderate sell” to “hold,” and the broader analyst consensus remains “Buy,” based on four Strong Buy, one Hold and one Sell rating.
• The stock opened at C$11.37 and has declined from its 52-week high of C$18.16; Mercedes-Benz reported quarterly EPS of C$0.47 on revenue of C$35.33 billion.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Wednesday, Zacks reports.

Separately, Dbs Bank upgraded shares of Mercedes-Benz Group from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, September 30th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Mercedes-Benz Group Stock Up 2.2%

OTCMKTS:MBGYY opened at C$11.37 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of C$12.21 and a 200-day moving average of C$14.23. The firm has a market capitalization of C$43.79 billion, a PE ratio of 6.70 and a beta of 0.88. Mercedes-Benz Group has a 52 week low of C$10.83 and a 52 week high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.47 earnings per share (EPS) for the quarter. The company 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%. Analysts predict that Mercedes-Benz Group will post 1.32 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. Formerly known as Daimler AG, the company adopted its current name in February 2022 after reorganizing its business around the Mercedes-Benz brand and related mobility activities.

The company develops, manufactures and sells premium passenger cars and luxury vehicles under the Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach brands. Its product range includes sedans, SUVs, coupes, convertibles and electric vehicles.

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