Bayer Motoren Werk (BAMXF) Upgraded by Zacks Investment Research to “Buy”

Bayer Motoren Werk (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $121.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.31% from the stock’s current price.

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 reaffirmed a “buy” rating on shares of Bayer Motoren Werk in a report on Friday, November 24th.

Bayer Motoren Werk (OTCMKTS:BAMXF) traded down $1.21 during midday trading on Wednesday, hitting $106.79. 330 shares of the stock were exchanged, 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 debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 1.05.

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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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