Bayer Aktiengesellschaft (OTCMKTS:BAYRY) Price Target Increased to €83.00 by Analysts at Morgan Stanley

Bayer Aktiengesellschaft (OTCMKTS:BAYRYGet Rating) had its price target lifted by analysts at Morgan Stanley from €77.00 ($82.80) to €83.00 ($89.25) in a research report issued on Monday, The Fly reports. The brokerage currently has an “overweight” rating on the stock.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group initiated coverage on Bayer Aktiengesellschaft in a report on Monday, March 14th. They set a “buy” rating for the company. Citigroup raised Bayer Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Monday, January 31st. UBS Group lifted their price target on Bayer Aktiengesellschaft from €85.00 ($91.40) to €90.00 ($96.77) in a report on Friday, March 11th. Finally, Barclays raised Bayer Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $61.20.

Shares of BAYRY traded down $0.03 during midday trading on Monday, hitting $17.92. 601,500 shares of the stock were exchanged, compared to its average volume of 605,100. Bayer Aktiengesellschaft has a 52-week low of $12.45 and a 52-week high of $18.45. The stock has a fifty day simple moving average of $16.29 and a 200 day simple moving average of $14.80. The firm has a market cap of $70.42 billion, a P/E ratio of 61.80, a P/E/G ratio of 2.43 and a beta of 1.17. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.72 and a current ratio of 1.11.

Bayer Aktiengesellschaft (OTCMKTS:BAYRYGet Rating) last released its earnings results on Tuesday, March 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.10. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $11.68 billion. Bayer Aktiengesellschaft had a return on equity of 19.63% and a net margin of 2.17%. As a group, equities research analysts forecast that Bayer Aktiengesellschaft will post 1.97 EPS for the current fiscal year.

About Bayer Aktiengesellschaft (Get Rating)

Bayer Aktiengesellschaft, together its subsidiaries, operates as a life science company worldwide. It operates through Pharmaceuticals, Consumer Health, and Crop Science segments. The Pharmaceuticals segment offers prescription products primarily for cardiology and women's health care; specialty therapeutics in the areas of oncology, hematology, and ophthalmology; and diagnostic imaging equipment and contrast agents, as well as cell and gene therapy.

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