Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to “Market Perform” at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from an outperform rating to a market perform rating in a research report released on Thursday morning, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on MBGYY. Barclays cut shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. UBS Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Mercedes-Benz Group Trading Down 0.3 %

MBGYY stock opened at C$14.11 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The company has a fifty day moving average price of C$13.95 and a two-hundred day moving average price of C$15.40. Mercedes-Benz Group has a one year low of C$13.36 and a one year high of C$20.81. The stock has a market cap of C$54.35 billion, a price-to-earnings ratio of 4.91 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Friday, October 25th. The company reported C$0.50 EPS for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The firm had revenue of C$37.95 billion during the quarter. Equities analysts anticipate that Mercedes-Benz Group will post 2.45 EPS for the current year.

About Mercedes-Benz Group

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.