Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded to Market Perform Rating by 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 note issued to investors on Thursday morning, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the stock. Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. UBS Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Mercedes-Benz Group Trading Down 2.3 %

Shares of MBGYY opened at C$14.15 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36. 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 50-day moving average price of C$13.95 and a 200 day moving average price of C$15.43. The company has a market capitalization of C$54.50 billion, a P/E ratio of 4.92 and a beta of 1.23.

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