Daimler (DDAIF) Downgraded to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Daimler (OTCMKTS:DDAIF) from a hold rating to a sell rating in a research note published on Monday.
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. “
DDAIF has been the subject of several other research reports. Goldman Sachs Group upgraded Daimler from a neutral rating to a buy rating in a report on Wednesday, September 6th. Bryan, Garnier & Co initiated coverage on Daimler in a report on Monday, September 25th. They issued a buy rating for the company. Credit Suisse Group initiated coverage on Daimler in a report on Wednesday, October 18th. They issued a neutral rating for the company. Finally, Evercore ISI upgraded Daimler to an outperform rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold.
Daimler (OTCMKTS:DDAIF) last posted its quarterly earnings results on Friday, October 20th. The company reported $2.38 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.27). The business had revenue of $47.94 billion during the quarter. Daimler had a net margin of 5.84% and a return on equity of 16.10%. equities research analysts forecast that Daimler will post 10.92 earnings per share for the current fiscal year.
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Daimler 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.
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