Mercedes-Benz Group AG (OTCMKTS:MBGYY) Given Average Recommendation of “Buy” by Analysts

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a strong buy recommendation to the company.

Several equities analysts recently commented on MBGYY shares. Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th.

Mercedes-Benz Group Stock Up 1.6%

Shares of OTCMKTS MBGYY opened at C$13.18 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The company has a market cap of C$50.76 billion, a P/E ratio of 8.50 and a beta of 0.81. Mercedes-Benz Group has a 52 week low of C$12.22 and a 52 week high of C$18.16. The business has a 50-day simple moving average of C$13.24 and a two-hundred day simple moving average of C$14.10.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%.The firm had revenue of C$37.27 billion for the quarter. Research analysts anticipate that Mercedes-Benz Group will post 1.38 earnings per share for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a German automotive company headquartered in Stuttgart. Its origins trace to the development of the first gasoline-powered automobile by Carl Benz in 1886, and the group operated as Daimler AG before adopting the Mercedes-Benz Group name in 2022.

The company develops, manufactures and sells premium passenger cars and electric vehicles under the Mercedes-Benz brand, along with high-performance Mercedes-AMG and luxury Mercedes-Maybach models. Its passenger-vehicle lineup includes sedans, SUVs, coupes and convertibles across a range of sizes and powertrains.

Mercedes-Benz also produces vans for commercial and private use through its Mercedes-Benz Vans business.