Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Jose Asumendi maintained a Hold rating on Bayerische Motoren Werke Aktiengesellschaft (BAMXF) on April 30 and set a price target of EUR90.00. The company’s shares closed last Monday at $99.89, close to its 52-week high of $108.04.

According to, Asumendi is a 4-star analyst with an average return of 11.7% and a 56.7% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Stellantis, and Daimler.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bayerische Motoren Werke Aktiengesellschaft with a $115.48 average price target, a 14.0% upside from current levels. In a report issued on April 15, UBS also maintained a Hold rating on the stock with a EUR93.00 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 revenue of $29.48 billion and net profit of $1.67 billion. In comparison, last year the company earned revenue of $27.17 billion and had a net profit of $1.38 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. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles, under the following brands: BMW, MINI, and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment focuses on the premium segment. The Financial Services segment offers credit financing, leasing and other services to retail customers. The Other Entities segment includes holding and group financing activities. The company was founded on March 6, 1916 and is headquartered in Munich, Germany.

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