Daimler Truck (OTCMKTS:DTRUY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Daimler Truck (OTCMKTS:DTRUY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks reports.

A number of other research analysts have also recently issued reports on the company. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Morgan Stanley lowered shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Barclays upgraded Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Daimler Truck currently has a consensus rating of “Moderate Buy”.

Daimler Truck Trading Down 1.4%

Shares of DTRUY opened at $23.32 on Wednesday. Daimler Truck has a 52-week low of $19.43 and a 52-week high of $28.73. The business’s fifty day moving average is $26.17 and its 200-day moving average is $25.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.33 and a current ratio of 1.70. The firm has a market cap of $35.71 billion, a price-to-earnings ratio of 46.64 and a beta of 0.07.

Daimler Truck (OTCMKTS:DTRUY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%.The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.29 billion. Equities analysts anticipate that Daimler Truck will post 2 EPS for the current fiscal year.

About Daimler Truck

Daimler Truck Holding AG is a commercial-vehicle manufacturer headquartered in Stuttgart, Germany. The company develops, produces and sells heavy-, medium- and light-duty trucks, as well as buses, coaches and related transportation solutions. Its portfolio includes conventional internal-combustion, battery-electric and hydrogen-based vehicle technologies, along with digital and fleet-management services.

Daimler Truck markets vehicles under brands including Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses.