Jefferies Group Equities Analysts Increase Earnings Estimates for Bayerische Motoren Werke AG (BAMXF)
Bayerische Motoren Werke AG (OTCMKTS:BAMXF) – Analysts at Jefferies Group raised their FY2017 earnings per share estimates for shares of Bayerische Motoren Werke AG in a research note issued to investors on Wednesday. Jefferies Group analyst P. Houchois now expects that the company will post earnings per share of $13.90 for the year, up from their prior forecast of $13.59. Jefferies Group also issued estimates for Bayerische Motoren Werke AG’s FY2018 earnings at $13.47 EPS, FY2019 earnings at $13.99 EPS and FY2020 earnings at $14.30 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Bayerische Motoren Werke AG from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Thursday. DZ Bank AG reiterated a “buy” rating on shares of Bayerische Motoren Werke AG in a research note on Friday.
Shares of Bayerische Motoren Werke AG (BAMXF) opened at $102.80 on Thursday. Bayerische Motoren Werke AG has a 12-month low of $84.36 and a 12-month high of $104.96. The company has a market capitalization of $61,198.82, a PE ratio of 8.67, a P/E/G ratio of 1.74 and a beta of 1.64.
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About Bayerische Motoren Werke AG
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
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