Daimler AG (DDAIF) Upgraded by Zacks Investment Research to “Strong-Buy”
Zacks Investment Research upgraded shares of Daimler AG (OTCMKTS:DDAIF) from a hold rating to a strong-buy rating in a research note released on Tuesday morning. The brokerage currently has $82.00 price objective on the stock.
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. “
Several other research firms have also commented on DDAIF. Evercore ISI lowered shares of Daimler AG from a hold rating to a sell rating in a research note on Wednesday, June 29th. Jefferies Group initiated coverage on shares of Daimler AG in a research note on Tuesday, August 9th. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $82.00.
Shares of Daimler AG (OTCMKTS:DDAIF) opened at 71.09 on Tuesday. Daimler AG has a 12 month low of $56.56 and a 12 month high of $89.65. The firm’s 50-day moving average is $70.09 and its 200-day moving average is $68.03. The company has a market cap of $76.05 billion, a PE ratio of 8.57 and a beta of 1.86.
Daimler AG (OTCMKTS:DDAIF) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.05 by $0.45. Daimler AG had a net margin of 5.53% and a return on equity of 15.37%. On average, equities research analysts predict that Daimler AG will post $8.93 earnings per share for the current year.
Daimler AG Company Profile
Daimler AG (Daimler) is an automotive engineering company. The Company is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.
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