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

Tipranks - Tipranks - Thu Apr 30, 7:24AM CDT

In a report released today, Tom Narayan from RBC Capital maintained a Hold rating on Mercedes-Benz Group, with a price target of €56.00.

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Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Visteon. According to TipRanks, Narayan has an average return of 7.2% and a 48.47% success rate on recommended stocks.

In addition to RBC Capital, Mercedes-Benz Group also received a Hold from Bernstein’s Stephen Reitman in a report issued today. However, on the same day, J.P. Morgan maintained a Buy rating on Mercedes-Benz Group (Other OTC: MBGAF).

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Based on Mercedes-Benz Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €33.69 billion and a net profit of €1.38 billion. In comparison, last year the company earned a revenue of €38.45 billion and had a net profit of €2.48 billion

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