Daimler’s (DDAIF) Buy Rating Reaffirmed at Societe Generale

Daimler (OTCMKTS:DDAIF)‘s stock had its “buy” rating reissued by stock analysts at Societe Generale in a report issued on Thursday, The Fly reports.

Several other research analysts have also weighed in on DDAIF. HSBC reiterated a “buy” rating on shares of Daimler in a research note on Thursday, April 15th. Jefferies Financial Group reissued a “buy” rating on shares of Daimler in a research report on Monday, March 29th. They noted that the move was a valuation call. Cheuvreux downgraded shares of Daimler from a “buy” rating to a “hold” rating in a research report on Monday, June 28th. Zacks Investment Research raised shares of Daimler from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, July 8th. Finally, JPMorgan Chase & Co. set a $86.75 target price on shares of Daimler and gave the stock a “buy” rating in a research report on Thursday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $91.38.

Shares of OTCMKTS DDAIF traded up $0.80 during midday trading on Thursday, reaching $84.00. The company’s stock had a trading volume of 14,618 shares, compared to its average volume of 36,265. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average price of $91.36. Daimler has a one year low of $43.60 and a one year high of $98.00. The stock has a market capitalization of $89.86 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.32 and a beta of 1.57.

Daimler (OTCMKTS:DDAIF) last released its quarterly earnings data on Friday, April 23rd. The company reported $4.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.67 by $1.16. The firm had revenue of $49.44 billion for the quarter, compared to analyst estimates of $46.56 billion. Daimler had a net margin of 5.27% and a return on equity of 13.65%. Research analysts anticipate that Daimler will post 14.15 EPS for the current year.

About Daimler

Daimler AG engages in the production and distribution of cars, trucks, and vans. It operates through the following segments: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Mobility. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.

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