Mercedes-Benz Group AG (OTCMKTS:MBGYY) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Mercedes-Benz Group AG (OTCMKTS:MBGYY) has received an average recommendation of “Strong Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a strong buy rating to the company.

A number of equities analysts have issued reports on MBGYY shares. Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research raised shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th.

Mercedes-Benz Group Trading Down 1.7%

OTCMKTS:MBGYY opened at C$11.69 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.32 and a quick ratio of 1.01. Mercedes-Benz Group has a one year low of C$11.69 and a one year high of C$18.16. The company has a market cap of C$45.03 billion, a PE ratio of 7.54 and a beta of 0.81. The firm has a 50-day moving average of C$13.18 and a 200-day moving average of C$13.96.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%.The business had revenue of C$37.27 billion during the quarter. As a group, equities research analysts expect that Mercedes-Benz Group will post 1.37 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a German automotive company headquartered in Stuttgart. Its origins trace to the development of the first gasoline-powered automobile by Carl Benz in 1886, and the group operated as Daimler AG before adopting the Mercedes-Benz Group name in 2022.

The company develops, manufactures and sells premium passenger cars and electric vehicles under the Mercedes-Benz brand, along with high-performance Mercedes-AMG and luxury Mercedes-Maybach models. Its passenger-vehicle lineup includes sedans, SUVs, coupes and convertibles across a range of sizes and powertrains.

Mercedes-Benz also produces vans for commercial and private use through its Mercedes-Benz Vans business.