Daimler AG (DDAIF) Upgraded 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 research report issued to clients and investors on Tuesday. The firm presently has a $82.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 15.35% from the company’s previous close.
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. “
DDAIF has been the topic of a number of other research reports. Jefferies Group initiated coverage on shares of Daimler AG in a research note on Tuesday, August 9th. They set a “hold” rating on the stock. Evercore ISI cut shares of Daimler AG from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Daimler AG has an average rating of “Buy” and an average target price of $82.00.
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Shares of Daimler AG (OTCMKTS:DDAIF) traded down 1.30% during mid-day trading on Tuesday, reaching $71.09. The company had a trading volume of 45,331 shares. The stock has a 50 day moving average of $70.05 and a 200-day moving average of $68.01. 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.
Daimler AG (OTCMKTS:DDAIF) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.50 EPS for the quarter, beating the consensus estimate 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 predict that Daimler AG will post $8.93 EPS for the current year.
Daimler AG Company Profile
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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