Daimler AG (DDAIF) Stock Rating Lowered by Zacks Investment Research
Daimler AG (NASDAQ:DDAIF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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 also recently commented on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Daimler AG from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Evercore ISI upgraded shares of Daimler AG to an “outperform” rating in a research report on Friday, September 8th. Bryan, Garnier & Co started coverage on shares of Daimler AG in a research report on Monday, September 25th. They issued a “buy” rating for the company. Finally, Credit Suisse Group started coverage on shares of Daimler AG in a research report on Wednesday, October 18th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold”.
Daimler AG (NASDAQ DDAIF) traded up $0.23 during midday trading on Friday, hitting $85.08. The company had a trading volume of 12,573 shares.
Daimler AG (NASDAQ:DDAIF) last announced its quarterly earnings data on Friday, October 20th. The company reported $2.38 EPS for the quarter, missing the Zacks’ consensus estimate of $2.65 by ($0.27). The firm had revenue of $47.94 billion during the quarter. Daimler AG had a net margin of 5.56% and a return on equity of 14.42%.
Daimler AG Company Profile
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.
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