Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Receives a Buy from DZ BANK AG

By Ryan Adsit

DZ BANK AG analyst Michael Punzet maintained a Buy rating on Bayerische Motoren Werke Aktiengesellschaft (BAMXFResearch Report) today. The company’s shares opened today at $78.95, close to its 52-week low of $75.50.

According to TipRanks.com, Punzet is ranked #3446 out of 5183 analysts.

Currently, the analyst consensus on Bayerische Motoren Werke Aktiengesellschaft is a Hold with an average price target of $85.17, representing a 7.9% upside. In a report issued on May 8, Barclays also reiterated a Buy rating on the stock with a $94 price target.

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Based on Bayerische Motoren Werke Aktiengesellschaft’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $637 million. 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.