Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Gets a Sell Rating from J.P. Morgan

By Carrie Williams

J.P. Morgan analyst Jose Asumendi maintained a Sell rating on Bayerische Motoren Werke Aktiengesellschaft (BAMXFResearch Report) today and set a price target of $60. The company’s shares opened today at $80, close to its 52-week low of $76.29.

According to TipRanks.com, Asumendi is a 1-star analyst with an average return of -6.3% and a 30.0% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.

Currently, the analyst consensus on Bayerische Motoren Werke Aktiengesellschaft is a Hold with an average price target of $83.57, which is a 4.5% upside from current levels. In a report released today, Kepler Capital also maintained a Sell rating on the stock with a $63 price target.

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Based on Bayerische Motoren Werke Aktiengesellschaft’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.6 billion. In comparison, last year the company had a net profit of $2.8 billion.

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Bayerische Motoren Werke AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following business segments: Automotive, Motorcycles, Financial Services, and Other Entities.