Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down - Here's Why

Key Points

• Bayerische Motoren Werke AG shares opened significantly lower at $90.88, down from a previous close of $99.50, marking an 8.7% decline.
• Barclays upgraded the stock's rating from "strong sell" to "hold", with one analyst giving a Strong Buy rating and three others rating it as a Hold.
• The company reported an EPS of $3.23 for the recent quarter, missing estimates, although its revenue of $39.97 billion exceeded expectations.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $99.50, but opened at $90.88. Bayerische Motoren Werke shares last traded at $90.88, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays raised Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Bayerische Motoren Werke Stock Down 8.7%

The firm has a 50 day simple moving average of $100.20 and a 200-day simple moving average of $91.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.88. The stock has a market capitalization of $52.69 billion, a price-to-earnings ratio of 9.02 and a beta of 0.82.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $3.23 EPS for the quarter, missing the consensus estimate of $3.87 by ($0.64). The business had revenue of $39.97 billion for the quarter, compared to the consensus estimate of $38.94 billion. Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%. On average, sell-side analysts forecast that Bayerische Motoren Werke AG will post 13.38 EPS for the current fiscal year.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke Aktiengesellschaft engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.