Daimler (DAI) PT Set at €73.00 by Sanford C. Bernstein
Daimler (ETR:DAI) has been assigned a €73.00 ($84.88) target price by equities researchers at Sanford C. Bernstein in a research note issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 54.24% from the stock’s current price.
A number of other analysts also recently commented on DAI. HSBC set a €46.00 ($53.49) price target on Daimler and gave the company a “sell” rating in a research report on Thursday, March 21st. UBS Group set a €52.00 ($60.47) price target on Daimler and gave the company a “neutral” rating in a research report on Friday, April 26th. Barclays set a €62.00 ($72.09) price target on Daimler and gave the company a “neutral” rating in a research report on Monday, April 29th. Morgan Stanley set a €60.00 ($69.77) price target on Daimler and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €69.00 ($80.23) price target on Daimler and gave the company a “buy” rating in a research report on Monday, February 25th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €58.30 ($67.79).
Shares of Daimler stock opened at €47.33 ($55.03) on Wednesday. The company has a market capitalization of $50.64 billion and a PE ratio of 7.16. Daimler has a 52 week low of €44.51 ($51.76) and a 52 week high of €68.64 ($79.81). The company has a debt-to-equity ratio of 228.26, a current ratio of 1.23 and a quick ratio of 0.85.
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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