Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report)'s share price rose 1.8% during trading on Tuesday . The stock traded as high as C$14.93 and last traded at C$14.85. Approximately 147,968 shares traded hands during trading, a decline of 41% from the average daily volume of 252,790 shares. The stock had previously closed at C$14.59.
Analysts Set New Price Targets
Separately, Barclays raised shares of Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Mercedes-Benz Group presently has an average rating of "Hold".
Check Out Our Latest Analysis on Mercedes-Benz Group
Mercedes-Benz Group Stock Performance
The stock has a market cap of C$59.43 billion, a price-to-earnings ratio of 4.05 and a beta of 1.02. The company's 50 day simple moving average is C$14.69 and its 200 day simple moving average is C$14.81.
Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported C$1.83 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 6.22% and a return on equity of 9.65%. The company had revenue of C$34.95 billion during the quarter. Sell-side analysts predict that Mercedes-Benz Group AG will post 2.26 EPS for the current year.
Mercedes-Benz Group Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.8297 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 5.54%. Mercedes-Benz Group's dividend payout ratio (DPR) is 21.26%.
About Mercedes-Benz Group
(
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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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