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 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.
Further Reading: Secondary Public Offerings
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