Daimler Truck (OTCMKTS:DTRUY) Stock Bumped Up to “Hold” by Zacks Research

Daimler Truck (OTCMKTS:DTRUY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other research firms also recently commented on DTRUY. Morgan Stanley downgraded Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Daimler Truck Stock Performance

DTRUY opened at $23.32 on Wednesday. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 46.64 and a beta of 0.07. The business’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $25.00. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.70 and a quick ratio of 1.33.

Daimler Truck (OTCMKTS:DTRUY) last posted its quarterly earnings data 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 expect 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.