Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down - What's Next?

Key Points

• Bayerische Motoren Werke AG's shares gapped down significantly, opening at $99.01 after closing at $106.95.
• The company reported a missed earnings per share of $3.23 compared to estimates of $3.87, despite revenues exceeding expectations at $39.97 billion.
• Barclays upgraded the stock from a "strong sell" to a "hold" rating, contributing to a market sentiment described as a "Moderate Buy."

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $106.95, but opened at $99.01. Bayerische Motoren Werke shares last traded at $99.01, with a volume of 500 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 analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Bayerische Motoren Werke currently has an average rating of "Moderate Buy".

Bayerische Motoren Werke Stock Up 5.7%

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 firm has a 50 day simple moving average of $99.07 and a 200-day simple moving average of $89.99. The stock has a market capitalization of $60.22 billion, a price-to-earnings ratio of 10.31 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.