Mercedes-Benz Group (MBGAF) Receives a Hold from RBC Capital

In a report released today, Tom Narayan from RBC Capital maintained a Hold rating on Mercedes-Benz Group, with a price target of €55.00. The company’s shares opened today at $62.40.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Narayan covers the Consumer Cyclical sector, focusing on stocks such as Volkswagen, Mercedes-Benz Group, and Ferrari. According to TipRanks, Narayan has an average return of 7.2% and a 50.16% success rate on recommended stocks.

In addition to RBC Capital, Mercedes-Benz Group also received a Hold from DZ BANK AG’s Michael Punzet in a report issued on September 25. However, today, J.P. Morgan maintained a Buy rating on Mercedes-Benz Group (Other OTC: MBGAF).

Based on Mercedes-Benz Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $33.15 billion and a net profit of $915 million. In comparison, last year the company earned a revenue of $36.74 billion and had a net profit of $3.02 billion