Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on MBGYY. DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. 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. Finally, The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group has an average rating of “Moderate Buy”.

Mercedes-Benz Group Price Performance

Shares of Mercedes-Benz Group stock opened at C$17.59 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market cap of C$67.75 billion, a PE ratio of 5.58 and a beta of 0.82. The firm has a fifty day moving average price of C$17.29 and a two-hundred day moving average price of C$16.03. Mercedes-Benz Group has a fifty-two week low of C$12.55 and a fifty-two week high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.59%. The company had revenue of C$37.58 billion for the quarter. Analysts expect that Mercedes-Benz Group will post 2.26 EPS for the current year.

About Mercedes-Benz Group

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.