Daimler AG (NASDAQ:DDAIF) was upgraded by investment analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Shares of Daimler AG (NASDAQ:DDAIF) opened at 73.99 on Wednesday. The company has a 50-day moving average price of $71.83 and a 200 day moving average price of $73.31. The company has a market capitalization of $79.15 billion and a price-to-earnings ratio of 6.83. Daimler AG has a one year low of $65.82 and a one year high of $78.21.

Daimler AG (NASDAQ:DDAIF) last released its earnings results on Wednesday, July 26th. The company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.37. The company had revenue of $45.23 billion during the quarter, compared to the consensus estimate of $47.42 billion. Daimler AG had a net margin of 6.09% and a return on equity of 16.72%. On average, analysts forecast that Daimler AG will post $10.83 EPS for the current fiscal year.

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Daimler AG Company Profile

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

Analyst Recommendations for Daimler AG (NASDAQ:DDAIF)

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