Daimler AG (NASDAQ:DDAIF) was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat.com reports.

Shares of Daimler AG (NASDAQ DDAIF) traded down 0.014% during midday trading on Wednesday, reaching $77.929. 22,131 shares of the company’s stock traded hands. The stock has a market cap of $83.37 billion and a P/E ratio of 7.198. The stock has a 50-day moving average price of $72.13 and a 200-day moving average price of $73.41. Daimler AG has a 52-week low of $65.82 and a 52-week high of $78.59.

Daimler AG (NASDAQ:DDAIF) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.37. The firm had revenue of $45.23 billion for the quarter, compared to analysts’ expectations of $47.42 billion. Daimler AG had a return on equity of 16.72% and a net margin of 6.09%. Analysts forecast that Daimler AG will post $10.95 earnings per share for the current year.

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About Daimler AG

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

Analyst Recommendations for Daimler AG (NASDAQ:DDAIF)

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