Mercedes-Benz Group (OTCMKTS:MBGYY) Posts Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) announced its quarterly earnings data on Thursday. The company reported C$0.42 EPS for the quarter, Zacks reports. The firm had revenue of C$39.22 billion during the quarter. Mercedes-Benz Group had a net margin of 3.87% and a return on equity of 5.54%.

Mercedes-Benz Group Price Performance

MBGYY stock opened at C$17.04 on Friday. The firm has a market cap of C$65.63 billion, a P/E ratio of 5.92 and a beta of 0.83. The stock’s 50 day moving average price is C$17.41 and its 200 day moving average price is C$16.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27. Mercedes-Benz Group has a 1 year low of C$12.55 and a 1 year high of C$18.16.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Finally, DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.