Daimler Truck (OTCMKTS:DTRUY) Cut to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Daimler Truck (OTCMKTS:DTRUY) from an overweight rating to an equal weight rating in a research report released on Friday, MarketBeat reports.

Several other brokerages have also issued reports on DTRUY. Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Zacks Research downgraded Daimler Truck from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. Kepler Capital Markets raised Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday, July 21st. Finally, Barclays upgraded Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Daimler Truck Stock Performance

DTRUY stock opened at $26.52 on Friday. Daimler Truck has a twelve month low of $19.43 and a twelve month high of $28.73. The company has a current ratio of 1.84, a quick ratio of 1.51 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $26.02 and its two-hundred day simple moving average is $24.96.

Daimler Truck (OTCMKTS:DTRUY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.39). The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.29 billion. Analysts predict that Daimler Truck will post 1.97 earnings per share for the current year.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.