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

Key Points

• Bayerische Motoren Werke AG's shares experienced a significant gap up, opening at $104.50 after closing at $99.73.
• Analysts from Barclays upgraded the company's rating from "strong sell" to "hold", reflecting a more positive outlook.
• Despite reporting a quarterly EPS of $3.23 which was below analysts' expectations, the company's revenue of $39.97 billion exceeded the consensus estimate.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $99.73, but opened at $104.50. Bayerische Motoren Werke shares last traded at $105.00, with a volume of 811 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bayerische Motoren Werke has an average rating of "Moderate Buy".

Bayerische Motoren Werke Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market cap of $61.36 billion, a P/E ratio of 10.51 and a beta of 0.82. The company has a fifty day moving average price of $94.55 and a two-hundred day moving average price of $87.99.

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

About Bayerische Motoren Werke

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.