Zacks Investment Research Upgrades Bayerische Motoren Werke AG (BAMXF) to Strong-Buy
Bayerische Motoren Werke AG (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm currently has a $99.00 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 14.46% from the stock’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. “
Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) traded down 0.07% during midday trading on Tuesday, reaching $86.49. The company’s stock had a trading volume of 511 shares. The company’s 50-day moving average price is $85.40 and its 200 day moving average price is $84.62. Bayerische Motoren Werke AG has a 1-year low of $71.14 and a 1-year high of $110.54. The firm has a market capitalization of $56.81 billion, a PE ratio of 7.62 and a beta of 1.91.
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