Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 285,100 shares, an increase of 19.4% from the February 13th total of 238,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 709,200 shares, the days-to-cover ratio is currently 0.4 days.
Wall Street Analysts Forecast Growth
MBGYY has been the topic of a number of research analyst reports. Barclays lowered Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a report on Monday, December 2nd. Berenberg Bank lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein cut Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
View Our Latest Stock Report on Mercedes-Benz Group
Mercedes-Benz Group Stock Up 1.7 %
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported C$0.69 EPS for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. The firm had revenue of C$41.02 billion during the quarter. Sell-side analysts predict that Mercedes-Benz Group will post 2.26 EPS for the current year.
Mercedes-Benz Group Company Profile
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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