J.P. Morgan Sticks to Their Sell Rating for Bayerische Motoren Werke Aktiengesellschaft (BAMXF)

J.P. Morgan analyst Jose Asumendi maintained a Sell rating on Bayerische Motoren Werke Aktiengesellschaft (BAMXFResearch Report) today and set a price target of $60. The company’s shares closed yesterday at $74.10.

According to TipRanks.com, Asumendi is a 1-star analyst with an average return of -2.0% and a 62.5% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Continental Aktiengesellschaft, and Daimler.

The word on The Street in general, suggests a Hold analyst consensus rating for Bayerische Motoren Werke Aktiengesellschaft with a $84.32 average 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 $2.45 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.