Daimler AG (DDAIF) Rating Increased to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Daimler AG (OTCMKTS:DDAIF) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning. They currently have $82.00 target price on the stock.
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 analysts have also recently weighed in on DDAIF. Jefferies Group assumed coverage on shares of Daimler AG in a report 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 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 given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $82.00.
Daimler AG (OTCMKTS:DDAIF) opened at 70.36 on Tuesday. The firm has a market capitalization of $75.27 billion, a PE ratio of 8.48 and a beta of 1.86. The company has a 50 day moving average of $70.18 and a 200 day moving average of $68.04. Daimler AG has a 1-year low of $56.56 and a 1-year high of $89.65.
Daimler AG (OTCMKTS:DDAIF) last issued its earnings results on Thursday, July 21st. The company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ 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%. Analysts forecast 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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