Mercedes-Benz Group (OTCMKTS:MBGYY) Trading 0.3% Higher - Time to Buy?

Key Points

• Mercedes-Benz Group AG's stock price rose by 0.3%, trading at C$15.15, with a market capitalization of C$58.35 billion.
• Analysts have downgraded the stock from a "moderate buy" to a "hold" rating, indicating a consensus rating of "Hold" among six investment analysts.
• The company reported earnings of C$0.27 EPS for the last quarter, alongside revenue of C$37.62 billion, and is forecasted to have 2.26 EPS for the current fiscal year.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report)'s stock price traded up 0.3% during mid-day trading on Wednesday . The company traded as high as C$15.20 and last traded at C$15.15. 298,969 shares traded hands during trading, an increase of 3% from the average session volume of 290,365 shares. The stock had previously closed at C$15.11.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered Mercedes-Benz Group from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of "Hold".

Mercedes-Benz Group Stock Up 0.3%

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.32. The stock has a market cap of C$58.35 billion, a P/E ratio of 4.61 and a beta of 1.01. The stock's fifty day simple moving average is C$15.43 and its 200-day simple moving average is C$14.90.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported C$0.27 EPS for the quarter. Mercedes-Benz Group had a net margin of 4.85% and a return on equity of 7.24%. The company had revenue of C$37.62 billion for the quarter. As a group, research analysts forecast that Mercedes-Benz Group AG will post 2.26 earnings per share for the current fiscal year.

About Mercedes-Benz Group

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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