Daimler (DDAIF) Rating Increased to Hold at Zacks Investment Research
Daimler (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
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 analysts have also recently commented on DDAIF. BNP Paribas upgraded shares of Daimler to a “buy” rating in a research report on Friday, November 16th. Sanford C. Bernstein reiterated a “hold” rating on shares of Daimler in a research report on Wednesday, October 17th. Credit Suisse Group reiterated a “hold” rating on shares of Daimler in a research report on Friday, October 26th. equinet reiterated a “buy” rating on shares of Daimler in a research report on Friday, October 26th. Finally, Citigroup cut shares of Daimler from a “neutral” rating to a “sell” rating in a research report on Thursday, November 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.00.
Daimler (OTCMKTS:DDAIF) last issued its earnings results on Thursday, October 25th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.45). The business had revenue of $46.78 billion during the quarter, compared to analysts’ expectations of $44.75 billion. Daimler had a return on equity of 14.18% and a net margin of 5.41%. As a group, equities analysts forecast that Daimler will post 9.46 earnings per share for the current fiscal year.
Daimler Company Profile
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
Read More: How Investors Use a Balance Sheet
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Daimler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daimler and related companies with MarketBeat.com's FREE daily email newsletter.