Zacks Investment Research Upgrades Bayer Motoren Werk (BAMXF) to Buy

Bayer Motoren Werk (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $121.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.31% from the company’s previous close.

According to Zacks, “BAYERISCHE MOTOREN WERKE AG is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets. It has three brands: BMW, MINI and Rolls-Royce. The Company’s BMW automobile range includes the 1 Series, a sports hatchback; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. A variety of motorcycles are also available under the BMW brand. “

Separately, DZ Bank restated a “buy” rating on shares of Bayer Motoren Werk in a research report on Friday, November 24th.

Bayer Motoren Werk (OTCMKTS BAMXF) traded down $1.21 during trading hours on Wednesday, reaching $106.79. The company had a trading volume of 330 shares, compared to its average volume of 3,480. Bayer Motoren Werk has a twelve month low of $87.12 and a twelve month high of $118.25. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 1.02.

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Bayer Motoren Werk Company Profile

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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