Mercedes-Benz Group (OTCMKTS:MBGYY) Sets New 52-Week High – Still a Buy?

Mercedes-Benz Group AG (OTCMKTS:MBGYYGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.51 and last traded at C$17.44, with a volume of 36724 shares. The stock had previously closed at C$16.78.

Wall Street Analyst Weigh In

MBGYY has been the subject of several analyst reports. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada cut Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on Mercedes-Benz Group

Mercedes-Benz Group Trading Up 2.0%

The stock has a 50 day moving average of C$16.25 and a 200 day moving average of C$15.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.32 and a quick ratio of 0.97. The firm has a market cap of C$68.83 billion, a P/E ratio of 5.67 and a beta of 0.83.

Mercedes-Benz Group (OTCMKTS:MBGYYGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$37.58 billion during the quarter. Mercedes-Benz Group had a return on equity of 6.69% and a net margin of 4.51%. As a group, equities research analysts predict that Mercedes-Benz Group AG will post 2.26 EPS for the current year.

About Mercedes-Benz Group

(Get Free Report)

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.

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