Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report)'s share price traded up 1.6% during trading on Monday . The stock traded as high as C$15.10 and last traded at C$14.64. 261,431 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 429,417 shares. The stock had previously closed at C$14.41.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Sanford C. Bernstein cut Mercedes-Benz Group from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Berenberg Bank cut Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Finally, Barclays raised Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
View Our Latest Research Report on MBGYY
Mercedes-Benz Group Price Performance
The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The company has a market capitalization of C$57.23 billion, a price-to-earnings ratio of 5.38 and a beta of 1.06. The company has a 50 day moving average price of C$14.87 and a 200 day moving average price of C$14.67.
Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported C$1.83 earnings per share (EPS) for the quarter. The business had revenue of C$34.95 billion for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. As a group, equities research analysts forecast that Mercedes-Benz Group AG will post 2.26 earnings per share for the current year.
Mercedes-Benz Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.8297 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 5.54%. Mercedes-Benz Group's payout ratio is 21.78%.
Mercedes-Benz Group Company Profile
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Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.
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