Daimler AG (DDAIF) Rating Increased to Strong-Buy at Zacks Investment Research
Daimler AG (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The firm currently has a $82.00 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 15.35% from the stock’s current price.
According to Zacks, “DAIMLER AG with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. “
A number of other equities research analysts have also recently issued reports on the stock. Jefferies Group assumed coverage on shares of Daimler AG in a research report on Tuesday, August 9th. They set a “hold” rating for the company. Evercore ISI lowered shares of Daimler AG from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $82.00.
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Daimler AG (OTCMKTS:DDAIF) traded down 1.30% during midday trading on Tuesday, hitting $71.09. 45,331 shares of the stock were exchanged. Daimler AG has a one year low of $56.56 and a one year high of $89.65. The firm has a market capitalization of $76.05 billion, a price-to-earnings ratio of 8.57 and a beta of 1.86. The company has a 50 day moving average price of $70.05 and a 200 day moving average price of $68.01.
Daimler AG (OTCMKTS:DDAIF) last announced its earnings results on Thursday, July 21st. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.45. Daimler AG had a net margin of 5.53% and a return on equity of 15.37%. Equities analysts anticipate that Daimler AG will post $8.93 EPS for the current year.
About Daimler AG
Daimler AG (Daimler) is an automotive engineering company. The Company is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.
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