Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up - Should You Buy?

Key Points

• Bayerische Motoren Werke shares jumped from a prior close of $60.00 to open at $65.00, later trading at $66.00 on relatively light volume.
• Analyst sentiment improved after Berenberg Bank upgraded the stock to “strong buy.” Overall, the shares carry a “Moderate Buy” consensus rating, with two strong-buy, two hold and one sell rating.
• BMW reported quarterly EPS of $2.38, exceeding the $2.14 consensus estimate, although revenue of $35.70 billion fell short of expectations. The stock trades at a low P/E ratio of 5.36, but its 200-day moving average of $80.62 remains well above its recent price.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $60.00, but opened at $65.00. Bayerische Motoren Werke shares last traded at $66.00, with a volume of 1,010 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Bayerische Motoren Werke from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Bayerische Motoren Werke Price Performance

The company's 50 day simple moving average is $65.08 and its two-hundred day simple moving average is $80.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $37.69 billion, a P/E ratio of 5.36 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.24. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%. The company had revenue of $35.70 billion during the quarter, compared to the consensus estimate of $36.98 billion.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW's product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.

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